Wednesday, November 4, 2009

Another Dose of Non-Reality

"In the end, this stimulus, just like prior doses, will only worsen the condition it is meant to cure. When it wears off, the resulting recession will be even bigger than the one that everyone assumes has just ended. Until the impulse to fight recessions with government stimulus is quashed, genuine economic growth will never return. A string of ever-worsening recessions will eventually lead to what will be the next Great (Inflationary) Depression. But for now, enjoy the bubbly."
Peter Schiff

Entire article:
http://www.financialsense.com/fsu/editorials/schiff/2009/1030.html

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