Thursday, October 27, 2011

VIDEO: Peter Schiff Debates Zucotti Park Occupy Wall Streeters

Crossposted at the Left Coast Rebel

This is simply just too cool. You can almost hear the collective "Occupy-I-am-entitled-to-everything-I-want-simply-because-I-have-a-pulse" synapses misfiring in the crowd as Peter Schiff engages them (poor saps have probably never even heard his viewpoint that he aptly expresses).

There are too many quotable moments from Schiff here, "WalMart doesn't hold a gun to their head" may just go down in interweb infamy:





I love how Allahpundit notes that Schiff pulls this thing off like an Austrian-school ninja.

Indeed.

More from Nick Gillespie at Reason.com:

"Did a corporation end slavery, or did the government end slavery?!?!"

That's the sort of question investment guru and radio show host Peter Schiff fielded as he debated Occupy Wall Street (OWS) protesters last week in New York's Zuccotti Park.

Schiff is no ordinary observer. As the prinicipal of the financial firm Euro Pacific Capital, he's a full-fledged and unapologetic member of "the 1 Percent." As an outspoken radio show host (listen online here) and commentator, he not only predicted the housing crash and financial crisis, he railed bank and auto-sector bailouts as they were happening. Schiff believes that capitalism offers is the only hope for young, frustrated people to have a vibrant and prosperous future (get information on his latest book, How an Economy Grows and Why it Crashes, here). So he went to Occupy Wall Street to engage and debate the protesters.

Touring the Occupy Wall Street scene in New York with a sign that read "I Am the 1%, Let's Talk," Schiff spent more than three hours on the scene, explaining the difference between cronyism and capitalism, bailouts and balance sheets, and more.

"The regulation we want is the market," said Schiff. "That's what works."

Via Memeorandum.

4 comments:

  1. I respect Mr. Schiff. Herman Cain needs to tap him for a cabinet position when he gets the Presidency and brings exceptionalism back to the America President Obama pissed on.

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  2. I did have to wince when he claimed that the US had higher labor costs and lower-priced goods in the 1950s because taxes were low.

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  3. Good stuff, LCR! Lots of things to chew over.

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  4. I kind of feel sorry for the OWS people. They found themselves involved in a battle of wits and they were obviously unarmed.

    ReplyDelete

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