Peter Schiff (so A.L. will know what his kids have been reading) goes after Arthur Laffer, Ben Stein (which A.L. will enjoy), and others:
I especially love the laughter of his opponents. Now, the most powerful central planner in the world, displaying the usual track record:
Incidentally, we're supposed to stake America's future on guy #2. Have a nice day.
Here are some quick tips for adding simple Textile formatting to your comments, though you can also use proper HTML tags:
*This* puts text in bold.
_This_ puts text in italics.
bq. This "bq." at the beginning of a paragraph, flush with the left hand side and with a space after it, is the code to indent one paragraph of text as a block quote.
To add a live URL, "Text to display":http://windsofchange.net/ (no spaces between) will show up as Text to display. Always use this for links - otherwise you will screw up the columns on our main blog page.
"I have no idea what Peter Schiff is talking about."
I guess they do now.
Joe, if you must consort with the Austrians, at least read Mike Shedlock explain why Peter Schiff was wrong. Schiff hardly comes out looking better than Bernanke; his rightness is arguably of the stopped-clock variety.
More credible prescients include Noriel Roubini of course - but you should also read his co-author and colleague Brad Setser explain what they got wrong, too - here and here. Breathtakingly honest, that Setser. Sadly he's going to work for Obama.
I will fearlessly predict here that the new bubble will inflate for a while on expectations that the co-dependent capture - the strange condominium of power which has been struck between Wall St and DC - will hold long enough for another long slurp at the trough.
The moment for real reform came and went before Spring.