Re:Reasons the banking crisis isn’t a repeat of 2008
by Aunche on Saturday March 25, 2023 @12:25AM
(#35299367)
>It's better to be wrong until you're right than right until you're wrong...because you will get the last laugh.
Nothing bad happened due to Peter Schiff being wrong for 9 out of the last 10 years because he's not the one deciding monetary policy. For all we know, if he had his way, the US would be in a perma-recession and made into a vassal state of China by now.
Also, the business cycle is something acknowledged by literally every economist. The fact that we have mild economic turmoil after a global pandemic shouldn't be a prediction that Peter Schiff is proud of.
Nothing bad happened due to Peter Schiff being wrong for 9 out of the last 10 years because he's not the one deciding monetary policy. For all we know, if he had his way, the US would be in a perma-recession and made into a vassal state of China by now.
Also, the business cycle is something acknowledged by literally every economist. The fact that we have mild economic turmoil after a global pandemic shouldn't be a prediction that Peter Schiff is proud of.