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Tag Archives: Alexandria Ocasio-Cortez

Why do Bernie Sanders and Alexandria Ocasio-Cortez Hate Poor People?

Bernie Sanders and Alexandria Ocasio-Cortez have a new policy proposal out that would cap credit card and payday lender rates at 15%. Despite what I think are good intentions, this proposal would greatly harm poor Americans, and also impose some costs on the non-poor as well. Here are some likely results of such a policy: 1. Reduced access to credit, especially for the poor and those with less human capital and riskier credit profiles. 2. The folks denied will turn to...

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Peter Schiff: We’d All Be Better Off if Cortez Was Still Waiting Tables Instead of Working in Congress

Peter Schiff recently appeared on InfoWars with Alex Jones to talk about Alexandria Ocasio-Cortez and the Green New Deal. He said the real problem isn’t the climate deniers, it’s the economy deniers. Peter noted that we were in the great recession the last time retail sales came in as poorly as they did in December. He also mentioned the all-time high in auto loan delinquencies and the fact that restaurant sales are falling at the fastest pace in 25 years.We’d all be better off if Cortez...

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Peter Schiff: Who’s Going to Pay for the Green New Deal? Because You Can’t Print Wealth

In his most recent podcast, Peter Schiff dug into the politics behind the Green New Deal and specifically asked a key question: who is going to pay for all this?Peter said there is a political tornado on the horizon.I think stocks will be lower when voters go to potentially reelect Trump. The markets will be lower than where they were when he was initially elected and since Trump has hung his presidency on the fortunes of the stock market, if those fortunes are no longer...

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The Green New Deal Is Red

The Democrats led by Alexandria Ocasio-Cortez released their “Green New Deal” this week.  As Peter Schiff put it in his latest podcast, the Green New Deal is really red – as in socialist red.The whole thing is an economic train wreck.It’s masterful politics though.The socialist wing of the Democratic party – that might be redundant – is asking for the world. Of course, they won’t get most of the proposals in the plan. They are politically and economically untenable. But...

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The Green (And Red) New Deal: SchiffGold Friday Gold Wrap 02.08.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.Democrats led by Alexandria Ocasio-Cortez rolled out their “Green New Deal” this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the political and economic ramifications. He also tells you about how Janet Yellen sounded just a tiny bit like Peter Schiff this week....

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Henderson on AOC and Allowing Billionaires

In a recent interview, author Ta-Nehisi Coates asked newly elected Democratic Congresswoman Alexandria Ocasio-Cortez whether we “live in a moral world that allows for billionaires.” He clarified, “Is that a moral outcome, in and of itself?” Representative Ocasio-Cortez (henceforth AOC) answered that it is not moral and went on to say, “I do think a system that allows billionaires to exist when there are parts of Alabama where people are still getting ringworm because...

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Modern Monetary Theory: A Cargo Cult, Report 20 Jan 2019

Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is: “a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a currency monopolist is restricting the supply of the financial assets needed to pay taxes and satisfy savings desires.” It is...

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Has Trump Has Set Himself Up as a Fall-Guy? Could the US Go Socialist? Peter Schiff Talks Politics

Peter Schiff talked politics in his latest podcast and raised a sobering question: Could the US be on the path toward a socialist administration?Peter noted that we are long overdue for a recession. There are plenty of signs a major economic downturn could be lurking right around the corner, including stock market weakness. And as we reported today, US Treasury yield curves are flattening. The average global yield curve has inverted. Inverting yield curves are a strong predictor of...

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