Bailout Smackdown: Peter Schiff vs. Lansing Mayor
Part 1.
Part 2.
Part 2.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, December 07, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Other Side of the Bailout: VW, Nissan, Kia, Honda
- President John F. Kennedy, Early Supply-Sider
- Middle-Class UAW? How About Upper-Class.
- Antidote to Socialized Medicine: Walgreens Doubles...
- Wake-Up Call to Washington: Cut Corporate Taxes
- Gulf Oil CEO Predicts $1 Gas, $20 Oil in Early 2009
- Real Price of Gas Falls To Five-Year Low
- Unemployment: It’s A Guy Thing
- Follow the $$: Big 3 Spent Millions On Lobbying
- The 2008 Male Recession? The Gender Jobs Gap
7 Comments:
Bernero is a politician with ambitions - he went from the county commission to the mayor's office, and for all I know might well be positioning himself for a statewide or congressional run in 2012, when the gerrymandering may well be in Democrat hands. (Indeed, Republicans drew the lines in 2002, and have an incumbent in that district whom Democrats want desperately to dump (alliteration intentional.)
In short, Bernero was speaking to his city, his district, and his state, and not to Peter Schiff's viewership.
Peter Schiff sucssessfully predicted the crisis in 2006, not a economist. He is a financier, he studied Finance and Accounting; he is a financier.
Economists know little about finance, Math and Statistics. They spent 3 years in college studying economics. And in postgraduate level, they need to study advanced Statistics, and Math.
Journalists shouldn't seeking advices from economists, because they don't know about finance and the sub-prime mortgage is all about finance. I think the educational system is wrong.
I've had a year of undergraduate accounting; I would like to learn finance, but going to school is probably not an option, since I have no money and cannot get financial aid.
So how can I acquire equivalent finance knowledge to that possessed by someone with a finance degree?
Did that idiot television hostess who was dumb enough to buy some sort of hybrid (purchased in part with money extorted from the taxpayers) really say the auto industry should be mandated to make electric cars?
Extolling the virtues of a Prius
1 said:
Extolling the virtues of a Prius
Has Rush Limbaugh done a Prius song yet?
"Has Rush Limbaugh done a Prius song yet?"...
I have no idea poor boomer but considering some I've heard in the past can that guy who does those songs for Rush be far behind on a song for the Prius?
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