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schiffforsenate.com Senate candidate, best-selling author and world famous investment guru, Peter Schiff, was right at home among the fine citizens of northeastern Connecticut. On the night of January 12, 2010, Schiff, four other candidates and one representative of another were the guests at a Tea Party Social in Pomfret, CT. Three hundred fifty six (356) people gathered at the Pomfret Community School to hear from the candidates, Schiff served everyone a full course of common sense, logic and his busiess expertise, well before the party broke for refreshments. Here he answers the two questions put to him by the organizers of the event.
schiff for presdent !
@Epic878787 lrn2economics
LOL. Peter is funny. Neurotic and focused – he nails it every time. He talks the big picture in oh so obvious ways that the “central planning” governments don’t like. And oh by the way, Americans won’t take any economic “medicine” no way no how. Crack addicts need their bottom – and Americans are sure as hell not gonna stop this money drunkeness until they get theirs.
explain to me why there were no problems in medical care before ‘65. Hmmm. maybe you need to look to towards the source of the problem. Study where health care started to become a problem and then you will understand that government created this problem starting with employer based health care and medicare.
WOW! Peter is on fire tonight!
LOL to the smoker, are you on crack aswell? Because you’re assertion makes no sense and you clearly have no idea what i’m talking about, go take PhD level microeconomics then get back to me. Redneck.
This is all basically true but that is why we need protectionism and why we elect “representatives”, because, in the moment, when you buy a product you will go for what’s best for you instead of what’s best for country, and this will lead to national disaster. This is exactly why we need protectionism and why strict-libertarianism/capitalism doesn’t work.
The jobs aren’t valuable, the plant is. You can’t expect to compete in the world if you’re going to pay someone $30/hour + benefits to turn a wrench all day long. Right or wrong, it is just simple economics. It’s the same reason why you wouldn’t pay double for a product just because it’s made in America. Walmart has proven that. You can’t have your cake and eat it too. Either wages and prices go up, or they both go down. Either way, someone’s gotta pay.
also, any argument that government needs to be involved in the insurance industry to stop adverse selection in the insurance industry, would mean, that me being a smoker, I am less likely to buy the higher priced insurance, and the government needs to do something so I buy insurance. That is the nanny state crackdown nonsense.
The problem is the moral hazard of still covering these people through things such as medicare and medicaid, they know, even without insurance they will be treated
@TheRepublicX but yes, I am a redneck, but definitely not an uneducated one as you assume.. LOL
What the government is trying to do, is to stop them from doing things like that, such as, no discrimination for pre-existing conditions, which is exactly what a smoker potentially is, at least that is how they are measuring the risk.
So for you to say, that the government needs to be in health insurance, and mentioning adverse selection.
I suggest you go study it a little more, and study the governments policies and how they stop the markets from adjusting to adverse selection.
Are you serious? What the government is doing would prevent the health care industry from adjusting to adverse selection, which would put them all out of business, and leave the government the only one left to provide it.
I can provide an perfect example of this insurance industry.
I am a smoker, so therefore, I had to pay roughly twice as much for my insurance as a non-smoker. Which the theory of adverse selection says this can’t happen, when in fact it does and has.
LOL go study adverse selection and how it results in market failure, the goverments needs to be in health insurance. You guys are uneducated rednecks.
Turning bolts on an assembly line takes no more skill than digging ditches and those jobs are valuable if for nothing else than the manufacturing plant itself being on US soil, and it’s ability to make war materials if need be.
If you are a globalist, you wouldn’t care about this so much I guess but I see “globalism” as being close to treason.
That question was weak imo. Its an elementary school question and Schiff is talking college level. Everyone in that room knows we are born with our rights, Schiff just expanded on the topic of natural rights.
wow. and it is only January.
That’s a lot of common sense packed into 6 minutes!
Scapegoats are so worn out. Everytime the U.S. economy gets bad, people start coming out of the wood work complaining about immigrants taking their jobs and how we need to close ourselves off from the rest of the world. If you are truely worried about being outcompeted by illiterate, uneducated, unskilled labor, then you deserve to live in a hut.
@Epic878787
These people who live in huts probably don’t speak english, can’t read or write, are uneducated and unskilled and you’re worried about them outcompeting you? Sure they’ll probably get the job of digging ditches, etc, but is that really what you are competing for, ditch digging? Make yourself valuable. Right away you have an advantage, being an english speaking, literate, able bodied person.
ELECT Peter Schiff
As compared to you educated morons?
You have no idea, do you?
you suggested our foreign competitors are in part beating us because of gov.t/business collusion and an artificially low pegged currency. That is false. If they had free markets without these things they’d be beating us even WORSE! So let them be innefficient, they will only be easier to overcome when we finally reduce the size of govt. and return to a free market system. Simply put, it is of no advantage to them to structure their economy the way they do. Freedom is always more efficient.
again, all our manufacturing is gone. it does no good to say their citizens suffered because of their unfair trade practices so that will be their downfall because they have not fallen, we have. it worked and now we are decimated. its like when we declared war against japan. we made our citizens sacrifice for 4 years and it worked, we beat them. its the same for them now. they went to economic war against us, they sacrificed, and they won.
Govt. and business collusion doesn’t help our foreign competitors, it hurts them because it allows them to be inefficient. Sure they can beat us in the short run, but they hurt themselves worse in the end. And devalued currencies are accomplished by printing money and it forces their citizens to a lower standard of living. Places like china would actually do really well if their currency strengthened and they started consuming their own manufactured products.
i agree, the root problem isnt free trade. trade is part of the reason america became wealthy. but to have our government just sit there and watch all our industries decimated by countries that have declared economic war on us is wrong too. even if we had a perfect free market we could still be the victims of countries like japan and china that engage in unfair trade practices like government + business collusion and devalued/pegged currencies.