We constantly hear the phrase " too big to fail" or hear someone say we can't let a company of that size fail, why not?
So here Peter Schiff points out quite rightly that propping up failed companies essentially punishes successful ones and is inflationary to boot. Can anyone say backasswards?
What really chills me is hearing him say that the coming severe depressionis being caused not by the free market about what government is doing to prevent the free market from working, namely the bailout.
Well listen to Peter
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