Economic Socialism on the rise?
October 16, 2008
This is an interesting Video from the Glenn Beck show responding to the Paulson/Bernanke $250B Plan released on October 14th. I’m going to refrain from comment for the most part but would like to mention that Peter Schiff has been saying that this Economic Crisis was coming for several years. Even during the housing boom, most media would have Peter Schiff as a guest simply so other “economist” could bash him while he prophesized the future that we are now experiencing. Perhaps it is time to listen to what this man has to say.
The Austrian School of Economics has been predicting these Ups and Downs in the Economy with stunning accuracy for most of this century. They accurately predicted the Recessions of the 70s and 80s and even the inevitable decline that we are now facing. The Age of Inflation is a 5 Ebook collection from the Austrian School of Thought that is absolutely worth reading if you want to understand what is happening as Peter Schiff and Ron Paul understand.
“If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless”
-Thomas Jefferson
