Bob Murphy Sings "I Will Go Down with This Schiff"
And he won't put his hands up and surrender . Here , in the latest of his series of Karaoke hits, Bob has decided to side with the flat-earth Peter Schiff in his war against empirical reality. Some excerpts with commentary: "For what it’s worth, Scott doesn’t just take the BLS’ word over the experience of average Americans..." The consumer confidence index, which was as low as 25 in 2009, now stands at around 80. It has been rising throughout most of this year. The experience of average Americans is very clearly that we are not in a "bad recession"! But I bet when Bob thinks of "average Americans," he is thinking of "the people I met at Porcfest," who have the same ideological bias towards seeing a bad recession that he does. (Of course, for the too many people still unemployed, the economy doesn't look great.) "So: If all of the above just causes some sluggish growth in the economy, such that Peter Schiff doesn’t even pas...