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Peter Schiff – Google Video

November 20, 2008 Leave a comment

Peter Schiff surveys the ongoing economic crisis. If you think Washington can inflate its way out of this, you might want to reconsider your assumptions. This is not a crisis of scarcity, requiring artificial economic measures to support demand. This is a crisis brought on by abundance, by the sheer wealth and staggering level of productivity we have achieved as a species.

The only solution for this crisis is a deep and immediate reduction of hours of work.

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