January 17, 2019

Peter Schiff on The Real Crash, Austrian economics and Ron Paul

TAMPA, August 30, 2012 – Like Ron Paul, Peter Schiff was predicting the 2008 economic meltdown long before it occurred. Schiff is the president of Euro Pacific Capital, a firm that pursues investment strategies based upon Schiff’s contrarian economic analysis. Clients who took his advice over the past decade did very well, even after the financial crisis.

Both Paul and Schiff are proponents of the Austrian school of economics, which emphasizes free markets, sound money and Carl Menger’s subjective theory of value. Asked to describe what the “Austrian school” is, Schiff quipped,

“It’s kind of like you’re asking me ‘What’s Science? Or what’s astronomy, because you believe in astrology. Austrian economics is economics. Keynesianism is like a witch doctor. It’s all a bunch of nonsense, but politicians love Keynesianism, because it justifies what they want to do to get elected, which is spend more money, promise something for nothing, play Santa Claus.”

Schiff was Ron Paul’s economic advisor during the 2008 campaign.

Schiff became a national sensation when the predictions documented in his 2007 book, Crash Proof: How to Profit from the Coming Economic Collapse, came true. Not only was Schiff the darling of nationally televised financial and investing programs, but he found a whole new audience among Ron Paul supporters, who drove millions of page views to the You Tube video “Peter Schiff was right.”

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Peter Schiff Recommends A Return to Common Sense!

Hello everyone,

This past Friday, my new book A Return to Common Sense: Reawakening Liberty in the Inhabitants of America received a wonderful endorsement. Most of you are undoubtedly familiar with Peter Schiff, president of Euro Pacific Capital, author of Crash Proof: How to Profit from the Coming Economic Collapse, and frequent guest panelist on CNBC, Fox News, Bloomberg, and other financial broadcasts. Long ridiculed for his bearish outlook on the American economy, Mr. Schiff is now a superstar in the financial world for having accurately predicted the economic and financial meltdown we are experiencing right now.

Mr. Schiff was kind enough to read my book and gave it a wonderful review. He will also list it on the “Recommended Reading List” on his website at http://www.europac.net/. For great insights into the economy and why everything our government is doing is making it worse, check out the commentaries on his site.

Here is the review:

A well written primer on economics, liberty, and government that even avid Austrians will enjoy. If you have been blinded by government and Wall Street propaganda, “A Return to Common Sense” will help open your eyes. I not only recommend that you add this book to your freedom library, but that you buy a few copies for your friends.

Peter Schiff, Pres. of Euro Pacific Capital, Inc and author of “Crash Proof – How to Profit from the coming Economic Collapse.”

The book also hit the online stores for Amazon.com, Barnes and Noble, Books A Million, and many other retailers this past week. You can read the first two chapters for free here: A Return to Common Sense: Reawakening Liberty in the Inhabitants of America.