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Well, I enjoy the doomsday economy predictions. Probably due to holding a negative view of fiat currency. He was one of the few pointing out systemic issues bef
by Olscore 10y ago
Well, I enjoy the doomsday economy predictions. Probably due to holding a negative view of fiat currency. He was one of the few pointing out systemic issues before the 2008 crises and is consistent ideologically and politically. If you don't like the Austrian School or Libertarian thinking you'll probably not like Schiff.
Hyper-inflation is hyperbole warning for ignoring national debt, because it's likely the only end-game. Federal spending has doubled in the last 15 years, and politicians continue to make more promises. It's unpopular to talk about the national debt or federal spending which is exactly why Schiff is great; he consistently highlights gratuitous spending. Predicting specific bubbles is less important than pointing out fundamental issues like devaluing the USD and over spending. His doomsday attitude is a constant reminder there are larger problems than specific markets.