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Stagflation is a very scary thing - it is what killed Keynesian Economics and, later, ushered in the New Classicals, don't you know?

Peter Schiff pedals fear. A current example, courtesy of Tyler Durden:

Doug, welcome to The Peter Schiff Show.

Doug Casey: Thanks, Peter. It's my pleasure.

Peter: So in particular about your movie, which I thought was well done, the story that was most compelling to me was the interview with the gentlemen from Zimbabwe who had lived there most of his life.


Read no further. All you need to know is that we are all going to turn into Zimbabweans any day now.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 23rd, 2014 at 09:57:28 AM EST
Never knew that the West was so close to a collapse in the seventies. How did the Soviets miss that?

</snark>

by das monde on Sun Nov 23rd, 2014 at 08:26:56 PM EST
[ Parent ]
Marxist economics, obviously.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 23rd, 2014 at 08:49:16 PM EST
[ Parent ]
(Obvious to any Neo-Classical Economist at least.)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 23rd, 2014 at 08:50:45 PM EST
[ Parent ]

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