tag:blogger.com,1999:blog-3758330678390419129.post8274135699969554894..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Peter Schiff: There's a Limit to How Much You Can Con the PublicRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-13668098675838419132013-01-16T13:09:00.629-05:002013-01-16T13:09:00.629-05:00As usual Schiff is spot on. Unfortunately, the ma...As usual Schiff is spot on. Unfortunately, the majority of Americans are economically illiterate, or follow the failed policies of Lord Keynes. <br /><br />Government plan:<br />1. Dumb down the American public through government schools<br />2. Follow isane economic policy that doesn't work, and works to the benefit of some, while at the detriment to others<br />3. Profit because the Joshnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12905650701009176322013-01-16T12:05:19.838-05:002013-01-16T12:05:19.838-05:00Don't think for a second Pelosi is clueless or...Don't think for a second Pelosi is clueless or blissfully ignorant. She has been overtly cocky on more than one occasion. She knows how the game is played and plays it very well (with the exception that she flaunts her power a little too openly). Just remember, as Hayek stated, the worst rise to the top.Fizzywighttp://www.fizzywigchronicle.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51997742246248621272013-01-16T08:09:07.324-05:002013-01-16T08:09:07.324-05:00unfortunately the simple economic facts you list a...unfortunately the simple economic facts you list a) and b) will never be absorbed by the (vast majority) of average people for 1 of 2 reasons: <br />1) college-educated individuals are inhaling economic facts from the 95% of mainstream economists who spout the government line and kiss the Federal Reserve's Ring. <br />or<br />2) non-college educated individuals, if they watch CNBC or even thePenguinProsehttps://www.blogger.com/profile/17602757897923349377noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25276599743790510882013-01-15T20:43:28.400-05:002013-01-15T20:43:28.400-05:00These guys seem to think that the "government...These guys seem to think that the "government economy" is the only economy there is. What is this? a COMMUNIST country?!?!? Oh, uh, wait...Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39854887736486958522013-01-15T19:41:49.774-05:002013-01-15T19:41:49.774-05:00John Carney of CNBC (who in the past has said good...John Carney of CNBC (who in the past has said good things about the Austrians) has swallowed the MMTer kool-aid:<br /><br /><i>In today's Wall Street Journal, Alan Blinder points out that running into the debt ceiling would provoke a severe fiscal contraction.<br /><br />"At current rates of spending and taxation, federal receipts cover less than 74% of federal outlays. So if the Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67378586868325151262013-01-15T19:18:46.009-05:002013-01-15T19:18:46.009-05:00I still have the impression that average people wo...I still have the impression that average people would react to the monetary system the same way they reacted to the Platinum coin if they understood two simple facts: <br /><br />a) inflation is purposeful government policy; and <br /><br />b) those getting the new money first are stealing purchasing power from those holding the existing money.<br /><br />Without the public having a firm grasp ofBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76527118759532162522013-01-15T19:05:56.574-05:002013-01-15T19:05:56.574-05:00There are two kinds of politicians:
1. Those who ...There are two kinds of politicians:<br /><br />1. Those who don't have a clue and are blissfully ignorant about what is looming (think of Nancy Pelosi); and<br />2. Those who know better but are unwilling to do what's necessary to avoid a complete meltdown (most of them).<br /><br />Whether they are ignorant or spineless, you know they'll kick the can until the bitter end. <br /><br Stevehttps://www.blogger.com/profile/13156269157955500129noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71700185897791580462013-01-15T18:50:45.457-05:002013-01-15T18:50:45.457-05:00Schiff: "It's a shame that more people ca...Schiff: "It's a shame that more people can't seem to grasp these very simple truths."<br />I know plenty of Americans who are at least as smart as me.<br />EVERY one of them grasps the truth that the government is bankrupt. They just ignore that and go on with their lives. It's sort of a Luddite libertarianism, if you will.<br />They seem to think it won't affect THEM Capn Mikenoreply@blogger.com