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Re:America's 1% Has Taken $50T From the Bottom 90% by unishark on Saturday February 13, 2021 @10:44PM (#26129467)
You mean because his reasoning is Austrian and not Keynesian it is wrong even when the crash happens which he predicted would happen? That's convenient.

Gold has also done pretty well hasn't it?

You can list wrong predictions all day, but if the guy is occasionally right you need to give credit.

Re:America's 1% Has Taken $50T From the Bottom 90% by deathlight on Monday February 15, 2021 @05:58PM (#26148743)
There's still no reason for anyone to carry around a broken watch and no reason to listen to wolf criers who are more wrong than not. Pete Schiff as an anachronistic goldbug is a curious oddity to point out every now and then for amusement. He isn't someone worth listening to though.
Re:America's 1% Has Taken $50T From the Bottom 90% by parasubvert on Tuesday February 16, 2021 @09:21AM (#26154083)
There’s an old saying that Austrians claim a lot of things, but ultimately become Keynesians in a foxhole.

There is no “there” in Austrian economic reasoning or modeling: the fundamental premise is to reject empirical evidence in favour of Praxeology. This is useless for forming economic policy.