Clarity in decision making requires that you first accurately define the problem. When it comes to the housing bubble, no one does that better than Peter Schiff.
Episode 104. Peter Schiff: Why Was Anyone Surprised By the Crash?
(scroll down to episode 104)
In this podcast from a couple of months ago, Peter Schiff explains the bubbles (Internet and Housing) that created our current economic collapse. It is over an hour long, but if you find the time to listen to it, you will never see your home in the same way again.
This podcast has also left me scratching my head over what the current administration is doing.
How can they think they can fix something without understanding why it failed in the first place?
What happened to the grand idea of "change"?
Our current government's only answer to our economic woes is to prop up the failed policies of past administrations...
Re-inflating the bubble will not work.
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1 comment:
I love this!
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