I post this one in particular because he talks about a lot of things I think are really pertinent, especially in the first half where he talks about the malinvestment caused by the federal reserve bubbles that I've talked about a few times on here, including how you end up with all these companies essentially giving services away for free because their main product is bubble inflated stock.
Episode 776 of Peter Schiff's podcast
Submitted 3 years ago by sj_zero@lotide.fbxl.net to freeforum@wolfballs.com
https://www.youtube.com/watch?v=2QPZf0OMKE8
goldenballs@wolfballs.com 3 years ago
There are far better people to listen to than him, he's a jumping record.
sj_zero@lotide.fbxl.net 3 years ago
He's one voice to listen to among many, and if you want to know economics you need to listen to a bunch of people who have mutually exclusive views because the truth is going to be some combination of all the different mutually exclusive views.
His fundamentals of microeconomics are solid, but his conclusions lack a specific timeline so entire economic cycles pass and his model doesn't account for more than first order effects. The second order effects would be stuff like governments spending overwhelming amounts of debt to keep the first order effects from occurring and that working for a really long time, and central banks monetizing debt in extraordinary amounts.
goldenballs@wolfballs.com 3 years ago
I've moved on from listening to him, he is a jumping record, and lacks credibility. Too shouty, and selling his business too much. There are many more sophisticated voices out there.
Have you listened to people like Jeff Snider, David Hunter, Mike Green, Dr Daniel LaCalle, Alasdair MacLeod, Jeremy Grantham, Dr Lacy Hunt, Dr Richard Werner, even Dr Steve Keen. For entertainment, The Maverick of Wall Street is good fun. I think most of the above have different viewpoints.