peter schiff and common sense...for the win

recession, mortgage crisis, and more predicted back on 8/26/06.

the other guy, art laffer, who turned out to be terribly wrong, is someone you might read about when studying upper division macroeconomics, particularly supply-side and/or keynesian economics. laffer's ideas about interest rate reductions as stimulus for increased tax revenue play a big role in trickle-down economics.

dude's gotta feel like a failed economist right about now.


summary:

schiff = win
laffer = epic fail