COMMENTARY

Peter Burgess

The New Economic Foundation On The Origination Of Money

This refutes most of Peter Schiff's ignorant garbage about the Fed, credit creation and the associated effects of credit creation & distribution e.g. inflation, interest rates etc.

Actually, apart from economic illiterate Peter Schiff, a few hundred million people in the US need this sort of education. Only then will they stop listening to charlatans and the disinformation that is streaming through media channels; and empower themselves with information and facts so they can improve the country's systems.

I'm not holding my breath and thinking that this is going to happen though. There is no known cure for ignorance.

Uploaded by SchittReport on Oct 5, 2011