Peter Schiff predicted the housing market collapse. Art Laffer did not predict the collapse, said a bunch of appallingly stupid things (the United States “exports” monetary policy, so there isn’t really a trade imbalance? ), and skipped out on a bet.
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@distressed7 Exactly. Mainstream economics is nothing short of religion.
@jahan07
You remind me of this Bastiat quote:
“Government is the great fiction through which everybody endeavors to live at the expense of everybody else.”
@ 1:42
Oh brother…
The funny things is peter is converting sheep into Austrian Battle Economists! Art Laffer watch out!
Unfortunately, you are right. Americans, want sound bites these days rather than factual, analytical, honest information. The result is great speakers, Obama, rather than honest leaders coming up.
By the way Chinese and other US creditors have begun to realize that they are actually supporting the American military expansion and other programs by buying up the American debt.
Pharisees never repent. They just crucify their detractors whether they’re right or wrong.
I have never seen more bullshit than from the likes of this Reaganesque loser. Reaganomics failed. We went from creditor status to debtor after the great “communicator” sold America to China, and the EuroComm. Our impressive military is getting obsolete and overstaffed because the funny money that built it is not being paid back and we are not getting credit so easily anymore. The NeoCon turned our independence into a junky’s life walking the streets of world finance, looking for a fix.
Art Laffer is an IDIOT! And he thinks that he is an economist…wua ja ja ja wua ja ja
Art “THE ASS” Laffer!!!!!
That’s what REALLY gets me is that instead of backing down and admitting perhaps there is someone more intelligent that knows more, he just continues to act like he knows what he’s talking about with the same level of obscene arrogance. How unbelievably wrong do you have to be in order to have your expert status called into question? Like seriously!
Yeah…Like, my ex-wife is “loose.” You can’t “lose” at trying to get down her pants. You just need some roofies and some beer.
If someone is “looser,” you’re just suggesting that they’re easier than my ex-wife.
See?
Art Laffer is one of the biggest economic morons around along with Greenspan and the federal reserve people. The bankers,corporate CEO,s are good at holding everybody hostage. If you don’t give us a tax break we will send our business over seas. If you do not give us a protracted war we will charge 150 dollars a barrel for oil. These guys are criminals plain and simple no amount of argument can take that away. Just plain white collar criminals.
I believe Americans in general have stopped doing the difficult, but most important job i.e. critical analysis.
Most just leave the current problems to be solved by Harvard / Yale educated MBAs and govt. characters. This is a fallacy. Only you can solve your own problem, Govt. just promises it and can only satisfy your desires by penalizing some one else. That is why the public is losing interest in hard work and productivity.
Well he should have paid the penny and admitted Schiff’s foresight and high level of economic understanding.
I agree with you, but please spell things correctly. Lose and loose are two different words.
100%
Yes we all love our jobs and cannot wait to go back to work. Why have a vacation or more time with your friends and family when you can go and enslave yourself for $9.50 per hr. Why save when you can live one day at a time. Why save paper money when it looses its value. Why be debt free when you can spend money that you do not have. The answer is simple 90% of people are sheep and are waiting for their turn to get into the MEAT GRINDER.
Art is a dishonorable despicable man
huahahaha my god….lafer…what a laugher…
fools, always fools….
If you say to Mr. Laugher that the worst is yet to come…he’ll behave like that again…
Lafer: I have never heard so many errors in my life
Peter: Than you should listen to your own clip
they both work couse they like the jobs. LOL!!!
Austrian Economists know their shit.