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Economic Illiterate Peter Schiff’s Senseless ‘Deflation Is Good’ Argument Debunked

http://www.youtube.com/v/H18RQBuHEaw?version=3&f=videos&app=youtube_gdata Right off the bat, Schiff once again displays his enormous ignorance in stating that the prices of electronic goods such as computers, TVs, mobile phones etc. drop every year but sales are not adversely affected. Well, Peter – for your information – the price decreases are mainly due to technological advancements and production efficiency improvements.

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Economic Illiterate Peter Schiff’s Senseless ‘Deflation Is Good’ Argument Debunked

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