Leaving Las Vegas - Schiff, the Democrats, and the possible end of the American economic Titan
Having been reading Peter Schiff for about a year and a half, I’ve had the experience of seeing one prediction of his after another come true (unfortunately, for most people). His latest essay, where he outlines what he thinks the significance of a Democratic administration combined with a Democratic controlled Congress in the U.S. will be, concludes with the following:
While all of us can certainly hope for the best, prudence suggests that we had better prepare for the worst. Not only does that mean divesting our portfolios of U.S. dollar denominated investments but preparing for the possibility of emigration. With economic conditions at home becoming increasingly intolerable, the call of freer economies and greater prosperity abroad may be too tempting to resist.
My question is: which economies are more free?
9. November 2008 at 08:23
While he didn’t use “economic freedom” as his sole (or even primary) factor, this hypothetical list of possible new homelands at Coyote Blog seems relevant.
9. November 2008 at 12:21
Thanks - lots of interesting information there.
9. November 2008 at 12:59
[...] relation to a previous post where I asked which economies are more free than the U.S.’s, here’s a list by the [...]
28. November 2008 at 23:23
[...] the other way around. To illustrate this, during the run-up to the U.S. recession financial analyst Peter Schiff made the following [...]