I want to see a debate between Peter Schiff and Kevin Duffy. Make it happen misesmedia. I notice some interesting differences in opinions between the two and it would be interesting to here what the two have to say
A free market system is better than the alternatives, but I believe there needs to be a way to limit the largest, most powerful businesses from unproductive buyouts... Otherwise businesses will not only limit innovation but may use power to find a way to corrupt govt until the markets will no longer be truly free.Free markets are needed for innovation, and are superior to Kensianism and Marxism, that ignore this need, however the large businesses often maintain their power by buying out the innovative smaller business at a premium, destroying a cycle of innovation needed for a nations growth.The weakness in free market Austrian economics is that the artificially low interest rates will rise during a bull phase as people continue to borrow even with a higher rated based on expectation of profits, caused due to reaction of human emotion, not interest rates.
Saturday, May 28, 2011
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.