March 09, 2009
Back when Treasury Secretary “Hank” Paulson was informing us all that the U.S. economy was “fundamentally healthy,” and the global economy A-okay, Peter Schiff was saying something quite different, indeed”and was being scoffed at and even denounced as unpatriotic (where have we heard that before?) by the analysts of BubbleVision.
Last week, I had a chance to sit down with Peter in his office, and the resulting interview reveals quite a bit about what lies behind Peter’s famous calls from the past 4-5 years. Specially, he talks about why lenders had to resort to financial instruments like “mortgage-backed securities” in lieu savings, why he opposes protectionism and the auto bailouts but thinks trade deficits really do matter, and how his father, the income tax protester Irwin Schiff, influenced his economic thinking.
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