Art Laffer didn't even know he was getting schooled by Peter Schiff, and now when it comes time to settle up, I doubt Schiff has seen a penny. Laffer, stop being an expert after the fact and going on shows trying to convince people how smart you are. You are part of the establishment that doesn't get it. Running a country responsibly would mean pulling the plug in nations building and stupid wars and bringing those dollars back home. It would mean maintaining a sound currency and discontinuing the charade that the Federal Reserve can manage the economic cycle via monetary policy. It means building surpluses during booms so that they can be spent on infrastructure during busts. These are simple principles, the same types of principles that would apply to running one's household, and that our government does not seem to get. Is there a true leader out there that sees this and has the ability to lead this country from the edge of the abyss. I don't know, but they certainly are not in charge of our country right now.
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