Re-uploaded b/c it’s more relevant in 2012 than ever. This is Peter Schiff’s best speech in my opinion, a 40 minute talk on July 10 at FreedomFest 2009 in Las Vegas, NV.
Schiff covers all the bases of why the U.S. economy is structurally damaged, how it got that way, and what government continues to do to prevent the free market from restructuring and reallocating decades of malinvested land labor and capital to more productive and market-directed uses.
Schiff contends that only when government releases its grip on the economy and the free market is allowed to set interest rates, consumers decide which companies succeed and fail, and investors, creditors and politicians are forced to deal with the consequences of their decisions will our country ever stand a chance of regaining the level of prosperity which made America the richest and most productive nation on earth.
The only planning should be “planning for freedom”, and as the last chapter of the Ludwig Von Mises book of the same name implores; “Let the Market Work”!
Via - PenguinProseMedia