Peter Schiff has been predicting for years our current economic crisis. As far as I can ascertain, Schiff is a proponent of the Austrian Theory of the Business Cycle originally identified by the late Super-hero economist Ludwig Von Mises.
Notice the smugness of the other panelists in all of these interviews. Now, notice the smugness of the same type of people in the news today calling for the Fed and Treasury to inject trillions upon trillions of dollars created out of thin air into the economy. This is the same policy that got us here in the first place. Ignorance can serve an excuse for laypeople who haven't educated themselves on economics. When you reach the level of highly intelligent and educted people in the Press and in Washington, I can't help but conclude that it is pure evil that makes such people advocate stupid policies.
