VIDEO - Peter Schiff Crushes & UCLA Econ Debate - 1hr 7 min Long

[mello]

http://www.youtube.com/watch?v=hRFiee1YMZ0&sns=em

 

[low preference guy]

watched it this morning. there was a lot of pwnage.

 

[tsai3904]

I was there at the debate and at the end of the event, there were about 10 students around Schiff asking questions and only one person talking to the other two panelists.

 

[jclay2]

Peter, you are my hero.

 

[Steven Douglas]

I was disappointed, to be honest. Schiff definitely had the advantage throughout, but I thought he failed to nail a lot of points with more comprehensive attacks on the logical impossibility of the system itself that allowed his opponents to waffle and slip through a lot of cracks. Even the "how to create more jobs" framing of the debate kept it all on short term solutions to problems that are unsolvable in the long term under the current fiat regime, which in turn prevented anyone on the panel from questioning the very premise of whether "jobs creation" should even be the aim, and not the incidental long term result.

Schiff made the brilliant point that consumers ARE spending...everything they have, even, just to survive. He also made the point that at one time in American history we paid the highest wages, highest employment while simultaneously producing the most goods and the lowest cost. He should have stayed on that like a pit bull and never let go, examining nothing but what changed between then and now.

 

[rolle]

It was 3 on 1. Schiff did as well as he could have.

 

[Sal Featherstone]

Epic win at 55:55.

This was basically Schiff vs three buffoons. The guy with the beard was useless and annoying. This should have been a debate between Schiff and the British Keynesian guy.