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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on February 26, 2011, 03:01:24 PM

Title: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: Soul Crusher on February 26, 2011, 03:01:24 PM
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: Soul Crusher on February 26, 2011, 03:15:42 PM
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: Soul Crusher on February 26, 2011, 03:47:36 PM
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: MM2K on February 28, 2011, 03:50:07 AM: I think both of them are way off base. Workers real wages havent gone up in the past 30 years?? What are these people smoking?? Do they honestly believe that most people arent any richer than they were in 1980?
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: whork25 on February 28, 2011, 04:33:21 AM: They have a lot more debt now though right?
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: kcballer on February 28, 2011, 09:12:53 AM: Easier access to cheap credit has allowed us to believe we are better off than what we really are.
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: MM2K on March 01, 2011, 01:16:00 AM: Quote from: kcballer on February 28, 2011, 09:12:53 AM
Easier access to cheap credit has allowed us to believe we are better off than what we really are.

THe economy RUNS on credit. Nothing wrong with that. Its just another way of efficiently allocating resources, which is what makes societies better off.
Title: Re: Peter Schiff debates Huff. Post Columnist on Labor Unions
Post by: kcballer on March 01, 2011, 09:34:38 AM: Quote from: MM2K on March 01, 2011, 01:16:00 AM
THe economy RUNS on credit. Nothing wrong with that. Its just another way of efficiently allocating resources, which is what makes societies better off.

Until you have to pay, which is exactly what we are seeing now. Money isn't infinite, the realization of that has prompted many to invest heavily in gold as their currency of choice.