Posted by Tom on 03/18/2011 at 1:23 PM
Fellow Freedom Fighters -
If you’re not listening, you’re not learning. For free tutorials on schooling friends and foe alike on how finance and the economy actually work, you can’t really do any better than The Peter Schiff Show. Euro Pacific Capital senior economist Mike Pento opened class Monday by deconstructing the creeping conventional wisdom that last week’s devastating tsunami is somehow a bonus to Japan’s economy. Along these lines, LandColt Trading’s Todd Schoenberger sparred with Pento over Americans’ ability to absorb spiking gas prices. Peter took the “broken window” lesson to the advanced level Tuesday, explaining why economics really does support the common-sense view that natural disasters are, in fact, disastrous. Don’t miss his video blog “Japan’s Broken Window,” linked below. In an unexpectedly contentious interview with Charles Butler, host of WVON Chicago’s “The Other Side,” Peter spent much of Wednesday’s show discussing to what extent racial issues impact business decisions.
For Ayn Rand fans, Thursday’s interview with “Atlas Shrugged” producer Harmon Kaslow is a must-listen. And as Peter shipped off to the Caribbean for a trip he assures us is work-related, Las Vegas’s very own Wayne Allyn Root stepped into the breach Friday and hosted a guest-packed show. Highlights include Rep. Ted Poe (R-Texas) reporting on how Americans’ tax dollars are winding up in the hands of dictatorial regimes, and a small business owner describing the four year war waged against his operation by Andy Stern’s SEIU. But as always, there was much, much more.
Of course, the best way to catch up with this week's highlights is to check out the 25-minute Cliff's Notes version, available exclusively at SchiffRadio.com.
And in this week's edition of Listeners' Questions, Peter's Answers, Peter addressed:
* The “backwardation” of silver -- submitted by Brian in Mesa, Ariz.
* Whether the US could repay its debts by selling its gold -- submitted by Brian in Panama City Beach, Fla.
* What happens in a hyperinflation -- submitted by Josh in Louisville, Ky.
* The rumors JP Morgan is shorting silver -- submitted by Curtis in Kona, Hawaii
As always, please help grow the Peter Schiff Show. Send your favorite clips to friends. Debate Peter’s ideas in economic forums being overrun with cluelessness. Help convert the unconverted! And if you need more intellectual ammunition, consider joining SchiffRadio.com as a premium member.
Thanks again for listening. Happy weekend everyone.
Tom Elliott, Peter's producer
P.S. Listener Henry in New York City sends along this apposite Ludwig von Mises quotation: "The earthquake means good business for construction workers, and cholera improves the business of physicians, pharmacists and undertakers; but no one has for that reason yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest."