August 14, 2010

Schiff promotes sound economics - and has a good track record

Peter Schiff http://blogs.telegraph.co.uk/news/danielhannan/100047096/teach-yourself-free-market-economics-in-a-day/ accurately predicted the global recession because he saw that some key fundamentals were out of whack. You can't fund prosperity by borrowing your way to growth.  Savings are a key source of investment capital.  Spending more than you earn on an ongoing basis is a recipe for disaster - basic stuff really but for some reason the global financial community forgot the basics.

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