Peter Schiff on Paul Krugman and the dollar

of things. There is the purchasing power risk that Schiff talks about, as well as risk of the Fed changing short term rates that Krugman talks about. Then of course there the is the legislative risk of future changes in tax laws that affect interest income.

Keynesianomics:

consumption creates profit
profit creates production
production creates income
income creates consumption

Any physicist would instantly recognize this goofy-ass theory as "perpetual motion machine" nonsense

The real way economics works...

CONSUMPTION comes from CAPITAL
CAPITAL comes from INVESTMENT
INVESTMENT comes from SAVINGS
SAVINGS comes from DEFERRED CONSUMPTION

Try this on the next Keynesian clown you come across and watch them flop around trying to make sense of it.

Krugman doesn't have the stones to debate Schiff.

Krugman just got nailed to the wall!
He will not debate Peter Schiff, neither will Dodd.
When you stick to the facts and the Constitution, the rest is easy.
This is economics 101!
What a lesson in reality for the Keynesians!

He speaks from knowledge and conviction and can challenge others without name-calling. He treats people decently. I think that likability will go a long way in his senate race.

Good layout of our financial relationship with china.