Peter Schiff already fried his circuits. Have you ever seen that video? Schiff asks him: "you said our problem is we borrow and spend too much, then you go on to praise the stimulus, which has the specific goal of borrowing and spending even more. How is the problem the same thing as the solution?" And Volcker just kind of incoherently mumbles about who knows what until the other guy on stage bails him out.
Tu ne cede malis sed contra audentior ito
Want DP delivered to your inbox daily? Subscribe here: