Posts Tagged Schiff

Mark Wadsworth: Philip Davies and reported speech

A good example of what English Secession wrote the other day, about how emotional appeal usually beats reason: “he wants to exploit the handicapped!!” takes less than 5 seconds to say, whereas explaining why and how the minimum wage creates unemployment takes rather longer (and the other party has to be listening, not always a given). Below, Peter Schiff explains how the minimum wage law destroyed the economy in American Samoa, something actually admitted to in a throw-away line in the liberal “60 Minutes” documentary.

The MSM and various ‘charities’ are up in arms about the fact that Philip Davies said that the disabled are second class citizens who should work for less than the National Minimum Wage etc etc. blah blah blah.

Only he never said either of those things, did he? Philip Davies simply stood up in Parliament and reported what other people had said to him.

via Mark Wadsworth: Philip Davies and reported speech.

Here’s the video of Philip Davies and his subsequent interview:

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And here’s the Peter Schiff video on American Samoa and how it’s economy was eviscerated by the minimum wage law:

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Peter Schiff on the crash of 2008

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I would have called this blog “How the World Works” but that’s already taken.  Here’s Peter Schiff explaining how the world works economically. Schiff is highly eloquent and could talk the legs off a donkey. Fortunately, he is also an ethical man.  This is a long video, but personally I don’t get tired of hearing Schiff explain economics.

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