This video is must a see. Peter Schiff, especially in the second half of the tape, completely takes apart Alan Greenspan and his claim that no one saw the housing bubble.
The failed government operators like Alan Greenspan, and government apologists like Greg Mankiw are now postionning government failures and lies as though no one could see what was coming and that anyone who did was just lucky. Schiff's response is brilliant.
Even better, Schiff has offered to pay, out of his own pocket, Greenspan his speaking fee, whatever it is $100,000, $250,000, to debate Greenspan.
This is Schiff at his best. Go Peter!
Say what you will about the man, but he definitely has style and guts.
ReplyDeleteI suspect Greenspan will have a "scheduling conflict" and not be able to make it. It would be a shame if this doesn't happen because I would enjoy him getting mauled by Schiff.
I can imagine how Schiff would promote such a debate. "Real free marketer vs pandering fake political hack."