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Economic Commentary
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North Atlantic Alliance
Tue, Apr 21 2009, 09:06 GMT
by Peter D. Schiff
The Schiff Report
Watch the latest episode of Peter Schiff's new video blog.Two weeks ago, Daniel Hannan, the Member of the European Parliament from South East England, made headlines the world over with a blistering indictment of the policies of British Prime Minister Gordon Brown. For his reliance on deficit spending and monetary expansion to fight financial collapse, Hannan labeled Brown as the "devalued Prime Minister of a devalued government." Mr. Hannan cited the Governor of the Bank of England, who blew the whistle on the U.K.'s deep financial troubles, as evidence that even members of the Westminster regime are beginning to doubt the wisdom of a perpetually growing government funded by a perpetually growing deficit.
Hannan's rebuke has thus far racked up 2.2 million Youtube hits since its debut, as citizens everywhere recognize parallels with their own governments' policies. Now, Mr. Hannan speaks directly to the American audience via an article on the website of Peter Schiff's brokerage firm, Euro Pacific Capital. In the spirit of skepticism that made him famous, Mr. Hannan bravely raises and answers that taboo question, "What's the alternative to spending more?"
Published on Tue, Apr 21 2009, 09:08 GMT
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Published On Thu, Jun 25 2009, 07:33 GMT
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| 10 Corbin Drive, Suite B Darien, Ct. 06820
http://www.europac.net/ | schiff@europac.net
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