kwam wrote:
incognito1 wrote:
Schiff is THE man!! I'm sure Dr. Doom has made a lot of Haas grads proud
The Austrian School of Economics principles are very similar to those of The Chicago School, the first just "don't rely" on models.
It's even funny now to see some of the guys laughing at him, but hey, the way this mess is now is not a good thing for us, so I wish he was wrong, though his prediction about FX market hasn't quite been right, yet.
I agree with you kwam. Chicago has produced some of the finest economists, particularly some major free-market proponents (wasn't Milton Friedman an economics professor there)? Peter Schiff is actually a graduate from UC Berkeley (
https://en.wikipedia.org/wiki/Peter_Schiff) though it's not clear whether he got his undergraduate degree there or his MBA at Haas, but either way he is a true proponent of Austrian economics and one has to acknowledge how he stuck to his guns in that interview even when he sorta knew that people don't appreciate a doomsday message.
Not sure if you guys have seen Art Laffer's response on Bill Mahr's show. He definitely didn't have the last laff (pardon the pun) there:
https://www.youtube.com/watch?v=z3WjgKUf-kAPersonally, I'm still waiting for Peter to collect that penny. I don't understand why it's taking so long -- the longer he waits, the less worth that penny becomes.. (sorry, had to be said!
)