John Stossel appeared on Bill O'Reilly segment, June 22nd, 2010. Topic: Was BP shook down by the Obama administration to set aside 20 billion dollars?
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Tuesday, June 22, 2010
Keynes economics tested to destruction in UK and never worked (22Jun10)
Keynes economics tested to destruction in UK (22Jun10)
June 22, 2010 — Lord Skidelsky, biographer of economist John Maynard Keynes asks the question "How to do get economic growth by cutting spending". The reply to this question is, how do you expect the private sector to survive, when the public sector is gobbling up all the money?
The public sector generates NO money for the economy, so throwing money at the public sector does not and will NEVER deliver economic growth or recovery.
It is a theory that the Labour party tested to destruction over 13 years. Live with it, the economics theories of John Maynard Keynes does not work.
Recorded from Sky News, 22 June 2010.
Labels:Peter Schiff ,Ron Paul
Keynesian economics
Peter Schiff Interest Rates to Surge on China Move on CNBC Fast Money 21 June 2010
Peter Schiff on CNBC Fast Money Interest Rates to Surge on China Move 21 June 2010
If China let its currency float, it would be good for China and bad for the US, according to Peter Schiff, of Euro Pacific Capital. He explains his theory to CNBC.
Labels:Peter Schiff ,Ron Paul
CNBC Fast Money
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