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Originally Posted by The Don
He's written entire books on the specifics of the business cycle. Read "How an Economy Grows and Why it Crashes" and then get back to me. It's an excellent application of Mises' theories used to understand the modern economy. Just because the talking heads on CNBC are always playing him off as a doomsayer in 5 minute segments doesn't mean he doesn't know what he's talking about.
Yeah, but the fact that he doesn't know what he's talking about does mean that he doesn't know what he's talking about. OMG he writes ENTIRE BOOKS.
I have not personally read "How an Economy Grows and Why It Crashes", but here's the first page of a positive review from a right wing publication:
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"How an Economy Grows and Why It Crashes" makes economics fun and accessible. Best-selling author and
2010 U.S. Senate candidate Peter D. Schiff and his brother Andrew J. Schiff, communications director of Euro
Pacific Capital, convey the often intuitive ideas of economics through an engaging, fictitious story richly
illustrated with amusing cartoon
The economics books I read are very light on amusing cartoons, and they don't make it fun or accessible. Because it's not.
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And what about the fact that his clients are making tons of money? Face it dude, you were talking out of your ass because you don't like the guy and you got nabbed.
1) I actually don't know for a fact that his clients are making tons of money.
2) Short term variance, if you bet on a bear market constantly you will do well during downturns. And then you'll do poorly during upturns.
Last edited by FlyWf; 12-11-2011 at 04:59 PM.