Das Kruuug claims Peter Schiff didn’t warn about the Housing Bubble:
Some readers may recall the “Peter Schiff was right” campaign of 2009, a sort of public-relations blitz claiming that Schiff, an Austrian-oriented commentator, had foreseen everything correctly. It wasn’t really true even then…
Hey, who are you gonna believe, Paul Krugman or your own lyin’ eyes?
Peter Schiff is a Doom & Gloom type investor, guys like him and Marc Faber are ALWAYS pointing out the weaknesses in the markets and are always calling out where the fundamentals will fail and the bottom will drop.
Then again, Krugman is intellectually dishonest so I don’t expect anything less from him. Krugman is relying on the theory that most of his readers don’t like Peter Schiff and don’t understand or credit Austrian Economics in any way shape or form. And he’s probably right. Most of his readers will champion Krugman’s revisionist history and completely ignore the mountains of evidence.