Market, market, market.

As if that's all that mattered.

Jobs, jobs, jobs.

That's what we need.

There is no market without jobs.

^ Im not sure what you are actually getting at there. Some jobs just don't have a place in the market. They are providing a good or service that people don't want (or want enough to justify the cost). What we have now is companies that people voted with their dollar should die being bailed out by tax dollars. More over, the tax revenue isn't coming from taxes itself, but being printed. It no longer represents the value of total goods and services in the market place like a fiat currency should. The result isn't something new, it's hyper-inflation. It has happened many times around the world and either results in massive reform or economic collapse.

Peter is just pointing out what is already historically the case, printing money you don't have causes massive inflation. Printing what will soon be 1/5 the GDP (about 4-5 trillion in bail outs and climbing) will cause hyper inflation, about 20-30% if the trend continues. The people this will hurt the most are the poor and elderly; basically those who's wages are fixed or slowly adjusted with the inflation rate.

Peter Schiff was right (and ridiculed) More Than Once on these financial programs... I was closely watching and reading Schiff starting in 2004. Unfortunately, I was unable to take advantage of his prescient perspectives.

*money

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