Peter called the recession in 2006 when most of the other economists and commentators were arguing against his logic. Peter also said things would get worse and they did. Finally, a voice of reason amidst most of the confused talking heads on TV. This is proof that Austrian
economics has a better or more correct understanding of how markets should and in fact do work. Contrast Peter’s model with Keynesian doctrine which is taught in most colleges. That doctrine has failed to deliver a successful
and prosperous economy which benefits everybody equally. We need more guys like Peter Schiff
running in Congress and teaching in our colleges so America can get back on her feet again.
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