In recent years, Peter Schiff has been known as a contrarian in financial circles--the CNBC equivalent of a Congressman like Ron "Dr. No" Paul. These men have a couple things in common:
1) For years, they've warned about problems in our economy, mostly caused by bad public policy and a warped culture that thinks debt-driven consumer spending is the sign of a healthy system.
2) Some people are finally starting to notice they may have a point.
The shameful thing is that for several years, the pundits in our media have made it their mission to shout down anyone who's willing to say the emperor has no clothes. Frankly, their stock should be on par with Enron's now. And for about the same reason.
Saturday, November 15, 2008
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