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Peter Schiff (& others) on the Fed's Historic Rate Cut

Peter Schiff and others discuss the Federal Reserve's historic rate cut and the state of the economy.
chilaxesays...

Here's a meta-rationality angle. Being right is a failure if that's all you do. Schiff could do a lot of good for the world if he took a more constructive and less antagonistic approach.

chilaxesays...

Obama's constructive success showed that Jesse Jackson's victim-narrative about his lack of acceptance was illusory and derived purely from his antagonism and unlikeability.

It's never society's fault if people aren't listening to you.

Typically, that kind of paradigm shift seems to come only when figures from the younger generation start to replace the old guard ("science progresses funeral by funeral").

nadabusays...

Even if it's not society's fault, it is still often society's loss. So long as we wait around for socially preferred messengers before we hear the message, we will miss a lot of important truths.

Ignoring a person's views on subject X because of reason Y is almost always stupid.

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