Posted by: Dirk | December 21, 2008

Peter Schiff Was Right 2006-2007

It seems incredibly hard for a serious (non-academic) economist with no stake in the financial business to get the point across in an environment with people that just want to preserve the ongoing system and who are not interested in arguments, logic or facts. It is not clear to me why Foxnews should not be ruled a 24/7 infomercial.

I understand now why Nouriel Roubini founded RGE, and why economists have started publishing blogs (like this). Arthur Laffer, by the way, who appears in the video is the inventor of the Laffer curve, central part of a theory how lower taxes can increase tax revenue.

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