Monday, 26 December 2011

Extra helpings of Schiff



Peter Schiff Part 2. After listening to the clip below, I came to this, which is definitely worth checking out. From the blurb:
"Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, discusses how excessive government intervention hinders economic recovery and growth, during a Fraser Institute policy briefing on Thursday, Oct. 13 at the University Club of Montreal. "
I also listened to this pithy dissection of a recent Obama speech on the economy.

4 comments:

Single acts of tyranny said...

He gets a bit irate and could use lessons in calm delivery, especially as he gets worked up by his own rhetoric, but the conclusions are inescapable. If you haven't read it try "How and economy grows and why it crashes" His book (complete with comic illustrations) taught me more about economics than I learned in three years at university

Trooper Thompson said...

Aw, let him rant! I haven't read that book, but I'm sure you're right to praise it. Do you, by any chance, think it's suitable for a younger reader? I'm trying to find a book for my friend's kid who's reasonably bright but only 13.

Single acts of tyranny said...

Yes, exactly that, he basically takes a mythical island economy with three guys who fish by hand and live a subsistence life. One invents a net (and thus capitalism) and is more productive and the economy grows. Anyway it develops over generations, banking is started (the currency is a fish standard) until the politicos move in start printing fish-notes and importing fish from sinopia (ie China) and not bothering to actually make anything, instead piling up huge debts, employing people in non-jobs, doing stupid stimulus spending etc. It's a comic-book style history of the US which is equally applicable to the West in general.

I loaned it to my 77-year old mother who doesn't really get economics at all, but now refers to it as "the fish-book" So the 13-year old would certainly get the economics if not the political quotes(ie the Ronald Reagan figure is called Roughy Red Fish, Obama is called Barry Ocuda etc).

Trooper Thompson said...

Thanks, I think I'll get it for him.