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April 2009

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Peter Schiff - Here They Come To Save The Day

April 24, 2009 – Comments (3)

With much fanfare this week, Congress and the Administration began a series of actions designed to protect over-leveraged consumers from the high fees imposed by credit card lenders. As with most other initiatives devised by government, this policy will create a host of unintended consequences that will undermine the benefit the program hopes to create.  [more]

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Peter Schiff - Not All Economists Agree

April 17, 2009 – Comments (3)

In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated the support these policies enjoy by claiming, “economists on the left and right agree that the last thing the government should do during a recession is cut back on spending.” There are a great many economists who were surprised to learn that, apparently, they now agree with the President.  [more]

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Peter Schiff Video Blog - April 13th, 2009

April 14, 2009 – Comments (3)

I'd have put this up sooner but I was under the weather yesterday (and pretty much all weekend).  [more]

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Peter Schiff - Be Careful What You Wish For

April 09, 2009 – Comments (1)

Apart from the obvious financial distress that the current economic crisis has inflicted on most Americans, perhaps one of the more irksome byproducts of the meltdown has been the inescapability of clueless economic blather. It’s bad enough when so-called economists serve up the same Keynesian nonsense that has led us down the current cul-de-sac in the first place. At least those people have some incidental knowledge, however deeply flawed, of basic economic concepts. It’s far worse when political pundits, whose understanding of economics typically comes from Treasury Department talking points, hold forth as if they really know what is going on.  [more]

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Peter Schiff Video Blog - April 3rd, 2009

April 03, 2009 – Comments (1)

The sound still sucks, but here's his most recent vlog:  [more]

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Peter Schiff - Let’s Play Pretend!

April 03, 2009 – Comments (2)

When elementary school kids want to escape the confines of their circumstances they pretend to be pirates, princesses, and Jedi knights. Now, with the relaxation of “mark to market” valuation rules announced yesterday by the accounting trade’s self-regulatory body, our bankrupt financial institutions can escape their own reality by pretending to be solvent. The unraveling of our fairytale economy over the last few months has not yet convinced us that the time has come to put away childish things. The applause that greeted the news yesterday on Wall Street is a clear sign that we still have some growing up to do.  [more]

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Peter Schiff Video Blog - April 1st, 2009

April 01, 2009 – Comments (0)

He made a mistake and said it was Monday instead of Tuesday, but here it is (and he still needs a better mic):  [more]

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