Peter Schiff v. Obama's Stimulus Plan

Schiff:

We are not going to be able to spend ourselves into prosperity.

Socialism doesn’t work. Central government planning doesn’t work.

You can’t turn these market related functions over to government planning.

Our economy is going to be weakened dramatically as we move more and more away from free markets and capitalism towards socialism, toward centrally planned economy.

If the government tries to interfere some more, they going to re-create the Great Depression only this time it is going to a inflationary depression this time; it is going to be a lot worse.