Wednesday, 31 December 2008

Peter Schiff on CNBC: Government Interference Only Makes The Problem Worse

Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable.

Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and has only sought to “interfere with the free market’s ability to create legitimate wealth,” a process that would lead to more inflation and more destruction.


(6:44)

http://www.prisonplanet.com/schiff-government-interference-only-makes-the-problem-worse.html

[Posted at the SpookyWeather blog, December 31st, 2008.]

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