Check Out This Lost Classic “Peter Schiff Was Right” Video

by John Rubino

I thought I’d seen all the “Peter Schiff Was Right” videos, but just stumbled onto this 2006 CNBC classic pitting Schiff against a new cast of (in retrospect) clueless antagonists, including a “chief economist” with some quaintly credulous ideas. This was the peak of the subprime mortgage mania, so the Bubblevision talking heads still considered the Fed to be “THE experts” on inflation and were — as usual in these videos — both shocked and amused to hear someone bad-mouthing the economy and its stewards.