Peter Schiff responded to an article penned by Keynesian economist Paul Krugman entitled “The Wisdom of Peter Schiff.” He attempts to discredit both Schiff and Austrian Economics by essentially arguing the vast money-printing by the Federal Reserve proves that keeping the printing presses on all day doesn’t create a crisis. In other words, the astronomical experiment has worked out quite well (in what world?).
The video is an interesting one, and it would be simply sublime if Krugman responded to the video, too. However, you can bet that not happening because he doesn’t enjoy listening to opposing views as he confines himself to the walls of Keynesian, pro-Fed gospel.
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