PETER SCHIFF

PETER SCHIFF

Sunday, December 12, 2010

Schiff vs Epstein on Dollar and Stimulus

Schiff vs Epstein on Dollar and Stimulus

Peter Schiff [Austrian] debates David Epstein [Keynesian] on US Dollar strength and stimulus.
Austrian economics vs Keynesian economics. Which one makes sense?


real wealth is reflective of a Goods producing society , the United States no longer produces Goods , it doe's provide services but these services are not reflective in the consumer index as goods therefore these services are of a financial medium ie. ETFs, Derivatives , stock options limited to corporate heads which are traded back for cash ,,all represent sales,, but not of tangile goods but of empty financial instruments

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