Time magazine describes the first 10 years of this century as "the decade from hell." Peter Schiff disagrees, saying it had striking parallels to the Roaring Twenties. "[T]he decade now closing gave us the biggest and most irresponsible spending orgy in U.S. history. The past decade was the party; the one ahead will be the hangover." Schiff goes on to say:
For now, Congress and the President remain as clueless as Time. To show its resolve to "get to the bottom of things," the Obama Administration has impaneled a commission to investigate the causes of the financial crisis. Do not expect the proceedings, which are just getting underway, to come up with anything but the most politically useful explanations.
George F. Smith
Read his book : The Flight of the Barbarous Relic
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George F. Smith is the author of The Flight of the Barbarous Relic, a novel about a renegade Fed chairman and the editor of Barbarous Relic.com.
