Peter Schiff vs Austrian Theory

[DD5]

@cr113

He believes a large trade deficit is sign of poor productivity.

because of of what is discussed here:

Trade Deficits are a Bad Thing

I’m a big fan of Peter Schiff’s and one thing I found interesting was his assertion that trade deficits are a bad thing, a sign that your country is not productive. I’ve always heard from free market economists that there is nothing wrong with trade deficits. After further review I have to agree with Schiff, I think chronic trade deficits are bad. Unlike protectionists however I believe the cure is for less government spending and regulation. I think trade deficits are a sign that your governmen…

@cr113

• He believes debt is harmful to an economy, much more than other economists.

Not all debt. Government debt, Consumers debt encouraged by government intervention in the economy, etc…