Tuesday, September 30, 2008

Art Laffer Owes Peter Schiff A Penny, or, Why I Get Angry Sometimes

The DOC blogs on Peter Schiff, who was predicting this crisis at least as early as 2006, and in great detail.

"Hahaha!" the YouTube clips capture all the analysts saying. "What planet are you on, poor Peter? Debt isn't a problem! If you keep saying such dumb things, you'll never get invited on our informative shows again."

Oh . . . did you see this? It's the Wikipedia entry on Peter Schiff. It mentions this place called the Ludwig von Mises Institute, this thing called the Austrian School of economics, and this guy named Ron Paul. I'd wonder what that's all about, but the people with expertise and credentials (who are doing such a bang-up job running things!) don't talk about them, so I guess they're not important.

LOLRON says:

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