by Michael Shanklin
With our false sense of government protection, the housing bubble was created. Peter Schiff helps the viewers understand that the housing bubble was created by an implicit backed government advantage given to government picked mortgage lenders. Peter goes on to explain that Obama’s high spending Keynesian plan will only harm the economy more by decreasing capital in private sector long-run firms that are much more efficient than the centralized coercive monopoly (government).
For more information please visit Michael Shanklin’s channel.
This entry was posted
on Wednesday, January 14th, 2009 at 6:35 pm and is filed under 1776, Afghanistan, Africa, American Citizens, Americas, Asia, Austrian Economics, Big Government, Communism, Drugs, Economics, Economy, Energy, Environment, Epistemology, Ethics, Europe, Finance, First Amendment, Foreign Policy, Freedom, Gold, Gold Standard, Government, Health Care, Individual Rights, International, Iraq, Laissez-faire, Law, Libertarian, Liberty, Media, Metaphysics, National Conscription, News, Non-Interventionist Foreign Policy, Objectivism, Oligarchy, Peace, Philosophy, Politics, Pro-Peace, Prosperity, Reason, Republic, Second Amendment, Silver, Socialism, Special Interests, Taxation, Taxes, The Bill of Rights, The Constitution, The Declaration of Independence, The Federal Reserve, The World, Tyranny, United Kingdom, United States Treasury, United States of America, War, War on Drugs, Welfare, capitalism, limited government.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
