by Mitch Kokai
Senior Political Analyst, John Locke Foundation
What’s so interesting about Schiff is not just that his credibility is enhanced by his uncanny ability to predict economic problems. It’s also that he uses plain-spoken version Austrian economics to make the predictions.
The bubbles that invariably crop up tomorrow are a result of the policies of today. And he lays it right out for the layman.
So what we can learn from Schiff’s testimony here is not just an economics lesson. We can learn from his style. He keeps it simple. He uses metaphors. He resists the temptation to make it wonky. And that makes him really effective.