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Title: How to Fix our Phony Economy: Savings, Capital and Production View count: 581 Rating: 5.0 (14 ratings) Description: Peter Schiff has said that we have a phony economy - one that is built upon consumption and borrowing. This video talks about the basics of true capitalism - using savings to invest in capital. The total debt in the economy is over $50 trillion. Clearly we have gone in the wrong direction, and we need to shift away from the "Money as Debt' paradigm at all levels of our society: government, business and family. The opening clip is from "Make Mine Freedom" (1948). Tags: peter schiff, ron paul, capitalism, economy, debt, borrowing, consumerism, consumption, saving, capital, irwin schiff, how an economy grows, last standing ground, Author: LastStandingGround |
