Daily Archives: 24 March 2009
Peter Schiff at the 2009 Henry Hazlitt Memorial Lecture
This hour-long video is well worth the time. My favorite part comes at 30:00 when Peter Schiff explains what I believe to be the most crucial lesson from this crisis: it is not a failure of capitalism, but a failure of government interference. The only institutions which needed regulation, are the ones the government created: Freddie Mac, Fannie Mae, the Federal Reserve. At about 60:00, he also repeats what my liberal friends hate to hear, that Obama’s policies are very much like Bush’s.
Interestingly and, I think, appropriately, there is a grassroots movement to convince Peter Schiff to run for Senate in 2010: Peter Schiff for Senate (CT)