Schiff: Government Interference Only Makes The Problem Worse

Paul Joseph Watson
12/30/2008

Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable.

Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and has only sought to “interfere with the free market’s ability to create legitimate wealth,” a process that would lead to more inflation and more destruction.

When challenged with the notion that stimulus programs ended the Great Depression in the 1930’s, Schiff pointed out that had the market been allowed to run its natural course absent the interference of government or the Federal Reserve, then there never would have been a Great Depression, adding that capitalism had the cure for the disease with which the government has infected the market.

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