Peter Schiff takes on Occupy Wall Street and the outcome is…about what you’d expect from a well-educated, extremely successful businessman talking logic and policy with a bunch whiny college kids trying to foment revolution against corporate America on their corporate-built iPads.
These people think loud talking and bluster are the hallmarks of intellectualism, it seems.
My favorite part is below where Schiff argues against regulation pointing out that everyone wants lower prices only to have a Guy Fawkes-mask wearing protester tell him no, people really don’t want lower prices.
Spoken like someone still getting an allowance from mom and dad, I think.
His argument about the end, about Schiff being a fool for wanting to be rid of the Department of Education, etc., reminds me of my favorite Bastiat quote: “It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.”
The logic of the protester is that the Department of Education is good for education because it’s the Department of Education. For him, that the government has a department for education is inherently good, and he need not bother to ask whether or not the DoE is actually promoting sound education policy that facilitates the growth and intellectual nurturing of our children.
Just because the government can do it doesn’t meant he government should do it. And just because the government is doing something doesn’t mean they’re doing it well or improving the situation.