Peter Schiff: Tens of millions of people unemployed, inflation spiraling out of control, the government instituting price controls that result in shortages and blackouts and long lines for things. I think things are going to get very bad.
Recently, Peter Schiff: We need a serious recession in this country, and the government needs to get out of the way, and let it happen.
Take note: If today we are shocked by shenanigans like the Enron debacle, insider trading, mutual fund abuses and the prevalence of special interests in politics, we need to get some perspective on our history.
Here's Thoreau: “Men have an indistinct notion that if they keep up this activity of joint stocks and spades long enough all will at length ride somewhere, in next to no time, and for nothing; but though a crowd rushes to the depot, and the conductor shouts ‘All aboard!’ when the smoke is blown away and the vapor condensed, it will be perceived that a few are riding, but the rest are run over.”
Nassim Nicholas Taleb: Many hedge fund managers ... are just picking up pennies in front of a steamroller. And sometimes the steamroller accelerates.
Jules Dupuit, via Ross Anderson: It hits the poor, not because it wants to hurt them, but to frighten the rich ... Having refused the poor what is necessary, they give the rich what is superfluous.
Financial doomsayer Schiff still grim on future | 
