...

December 28, 2009

We Didn't Learn Anything From The Experience of Greenspan and Bush

"Government stimulus is keeping interest rates too low and running big deficits and all we get, as a result, is reckless spending and reckless gambling. Wall Street took all this cheap money and gambled with it. American individuals took all this cheap money and spent it and now we're doing the same thing. We didn't learn anything from the experience of Greenspan and Bush.

We're never going to have a real economic recovery until the government gets out of the way and allows the recession to run its course."

in FairField Minuteman

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
eXTReMe Tracker