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Economist Peter Schiff answers questions about the coming fiscal crisis, and how to survive it, from Stefan Molyneux of Freedomain Radio.
Such a good video! Peter has opened my eyes , everything he says makes perfect sense! I agree with him when he says people have lost their common sense, but after listening to him it's easier to get it back again and wake up from all the manipulation and lies the government tells in order to expand pretending to be our savor!
Sefan i love your free media and your intellect, this is the stuff people all over the TV's should watch ...this is by no way an attack on yourview points because i share most of them, but i must say tht when it comes to Economics and Zeitgest ...your rebuttles are a bit weak,the reason i say it is because you are too dogmatic about prices and the Human nature economics thrives on. the Zeitgest movement is a anti sistemic movement..so your free market premises cannot rebuttle a system that is independent of it. Secondly .the Algorithm argument is a bit weak, after all we haver created Quantum Computers, i dont think that an Algorithm regarding tracking of products need be to dificult to create given our understanding of Physics....Having studied Economics its value to society is ex post as oppsed to Ex ante. They cannot predicta crisis and their premises are baseless...your free market capitalism thrives on there existing a supplier, who then must maximize profit who then will outlive other who then will create wealth discrepencies...and the cycle of competiton based on wrong incentives lives ... i understand the necessity to satisfy our needs, but the Ann Ryand ..selfishness premise on human nature is not true in my opinon ...its help serve the status Quo ..you said yourself if good are educated ..my aim is to help further the discussion..and Ryand to me is a Great philsopher...but her Free MArket is only emraced by Buisness Academics ..You are a Philosopher ..id like to see a bit more rigor on the premis analysis and less status quo sistemic arguments..I APOLOGIZE FOR THE SPELLING I AM FORIEGN LOL
regarding Prices....in Your Free Market do you intend on keeping the Stock MArket? and the profit priciple..because if you do price distortion is a constant, given the stock traders invest on percieved value of commdoties, thus investment at time t ...with the expectation at t+1 , whose incentive is profit, or shorting the commodite...the pressure of the price will never be its true market value, i understand the view point and i see your rebuttle...supply and demand the value will always be its true market value...but lets be honest given the WAll Street enviorment a "true Price" is far more naive than Super Computers....if Prices are known and its true value is so evident then how can profit on fiat currencies ever exist?? if it can the high speed lending of Wall STreet a free enterprise will disappear...do you agree?? i know your view point is so Liberterian, and Friedmanesk ..but theyre Dogma of Price being value creates the premise that Buisness must exist in the fourm we have to track..the actual matrial can be counted, but does not need to be priced...price creates a value based on actual raw material plus specultavie value..this is true in prabailistic finance...this can create a larg clous of speculation...Zeietgest may be refutable in the Economic realm, but Economics can easily be rebuttled in the realm of Philosophy...Classical Mechanics is on the verge of being rewritten, and you are so dogmatic about price??....APOLOGIZE FOR THE SPELLING I AM FORIEGN ..LOVE YOUR SHOW KEEP UP THE GOOD WORK !!!!..HUGE FAN ..suggestion id like to hear some philsosphy by Chomsky and Sartre ..in your show ..not just Economics and Buisness i understand you enjoy it because it opend your mind...as Nietzsche did to mine Cherers
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