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Government is making it much, much worseThe man who predicted the crash months
ago has his say
I'm a bit rushed today, but I do have a couple of
links I want to throw out there.
Peter Schiff is one of those people you should be watching closely. He's not always right, but his track record is impressive. In this CNN/Money piece, he has some interesting things to say. Emphasis added. While Schiff's mood has gotten a boost from his newfound fame and enhanced status, his outlook for the U.S. economy has only grown grimmer while watching the federal government throw unprecedented amounts of capital into circulation to prop up banks and car companies. A response, he likes to point out, that he also predicted. "I'm as negative as I've ever been," he says, "because everything the government is doing now is going to make the situation much, much worse. They're trying to reflate this bubble. All along I knew that what would potentially be fatal wasn't the recession itself but the government's response. But what they've already done exceeds even my worst-case imagination." If that sounds familiar, it should. Hat tip to Samizdata.net. 
Posted: Sun - January 25, 2009 at 02:53 PM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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