PreciousMetalsStore's video: Economics 101: Peter Schiff Explains Why We re in Such a Mess

@Economics 101: Peter Schiff Explains "Why We're in Such a Mess"

Economics 101: Peter Schiff Explains "Why We're in Such a Mess" Posted Apr 28, 2010 12:19pm EDT The financial crisis is "far from over," according to Peter Schiff of Euro Pacific Capital, as detailed here. Along with his brother Andrew, Schiff has written a new book, How an Economy Grows and Why It Crashes, which he says is "for anyone who wants to understand the government, the economy, how it works and why we're in such a mess." Unlike the vast majority of books written in the wake of the crisis, Schiff's latest is very light and breezy -- it's a cartoon book -- using an allegory about a local fisherman to explain the global economy. "The whole idea is to present economics in very simple terms," he says. "It's so simple even Congressmen can understand it." Often combative and always thought-provoking, Schiff (rightly) notes he was one of the few pundits to predict the crisis ahead of time, as detailed in his first book Crashproof. "I wasn't Monday morning quarterbacking. I wrote my serious book before [the crisis] happened," he tells Aaron in the accompanying clip. "If you read this [new] book and grasp its concepts...you might know more about economics than many people who have PhDs in economics, including some people who've won Nobel Prizes in economics and sit in very high places of power in Washington D.C."

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This video was published on 2010-04-28 22:17:27 GMT by @PreciousMetalsStore on Youtube. PreciousMetalsStore has total 1.2K subscribers on Youtube and has a total of 204 video.This video has received 53 Likes which are higher than the average likes that PreciousMetalsStore gets . @PreciousMetalsStore receives an average views of 3K per video on Youtube.This video has received 3 comments which are lower than the average comments that PreciousMetalsStore gets . Overall the views for this video was lower than the average for the profile.

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