Monday, April 26, 2010

Peter Schiff vs. James Galbraith on US Government Debt (CNBC)

h/t Business Insider

Here is Peter Schiff and Professor James Galbraith debating about our Federal debt and interest rates going forward.
  • James Galbraith:  "The United States Government does not have and is not going to have a problem financing its public expenditures and its deficits. It's simply not an issue that should be on our list of things that we really care about right now". 
  • Peter Schiff:  "The US Government is making the same mistakes that sub-prime borrowers did when they were using teaser rates on their mortgages".

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