Peter Schiff — Americans Are Stone Cold Broke

January 13, 2009 – 8:43 am

We constantly hear the phrase ” too big to fail.” We ask: why not?

Here Peter Schiff points out that propping up failed companies essentially punishes successful ones and is inflationary to boot. Can anyone say backasswards?

What really chills me is hearing him say that the coming severe depression is being caused not by the free market, but rather by the government preventing the free market from working.

<>

Post a Comment