Wednesday, July 16, 2008

Peter Schiff and Ron Paul


I have no doubt that in the coming months sound economists like Peter Schiff and Ron Paul will be proven right. About a month ago I posted a YouTube clip of Peter Schiff's participation in a roundtable discussion with three Keynesian, big-government shills. The three government-backers conceded that Schiff had been correct on every single one of his pedictions; namely, the dollar will continue to slide, commodity prices will rise, etc. After admitting Schiff was right, the Keynesians asked Schiff, "Where do we go from here, Peter? When will the economy recover?"

Similarly, Dr. Paul has been fighting big government-backers for years in Congress. In a legislative body comprised mostly of lawyers, perhaps it doesn't surprise many that economic ignorance runs rampant. Regardless, Paul's consistent adherence to Austrian free market principles is about to take center stage as the ruse of big government management runs out of gas.

By no means should my enthusiasm for Peter Schiff and Ron Paul be interpreted as a chance for me to yell "I told you so!" and point fingers. Rather, in the coming months when they are proven right, think of the golden opportunity available to the masses: the message of sound money will resonate with people who have heretofore remained in the dark.

First, Ron Paul squares off against Ben Bernanke:



Next, Peter Schiff (from June) is bombarded by a group of Keynesians. Note how Schiff is accused of "spreading disinformation" by the slimy, uninformed Mike Norman. Also, catch the look on the female anchor's face when Norman tells her that her dollar buys just as much today as it did months ago (at the one minute mark). Priceless!