Ep. 157 Peter Schiff on the Coming Crash, Minarchism vs. An-Cap, and Going Ex Pat
Peter Schiff famously called the housing crash but thinks the real crash is still on the way. He talks with Bob about his background in the financial sector, and why the networks no longer book him for interviews. They also discuss minarchism vs. anarcho-capitalism, and Peter’s decision to move to Puerto Rico.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website for Peter’s books. Peter’s books Crash Proof and The Real Crash. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
- The YouTube compilation, “Peter Schiff Was Right.” Peter’s YouTube channel.
- The Peter Schiff Show.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
Great interview! Schiff, in spite of extreme volubility, is a treat to listen to….enthusiastic, intelligent, practical, and hewing closely to Austrian principles (or so it seems to me….). Plus, he’s entertaining….A side note: Bob, no shrinking violet, could barely get a word in…..kinda like Tom Woods interviewing Scott Horton…..and for the same reason
Bob, just a blessing to see you identify as a Christian first in all your media.
I’ve always enjoyed listening to Peter, and he’s been a real asset to the Austrian cause, but I can’t help but point out how he just reinforced how nonsensical the minarchist position is. He said that he’s not an anarchist (unlike his son), and believes that we need a government for “common good” items like national defense. Yet he wants the income tax to be abolished. OK, then how would national defense be funded? The only way would be the old-fashioned route, namely, tariffs, but I’m going to go out on a limb and suggest that, as a free marketeer, Peter would be against protectionism too.