It looks obvious

This video is pretty famous by now. It is the great “We told you so” of those kind of Capitalists that always argued that money represent real value, creativity and productivity. Those who argued that when you create money out of thin air you create bubbles. But this is not the reason I link to this video today

Often when somebody want to criticize the out of control Consumerism culture they blame Capitalism. But listening carefully to this video, and to the Peter Schiff’s arguments will indicate the opposite - it is actually those who accept the Keynesian economics who advocate stimulus of the market by encouraging spending, and its the extreme use of this method that is in the base of the current crisis. The extreme capitalist in this debate argued for saving and slow down of the market not for irresponsible consumerism.