Next time you debate something with someone, don’t be a know-it-all douchebag… especially in the YouTube Age.

Who’s a genius now? Some guy named Peter Schiff, who called this crash very precisely.

Who’s an idiot now? Some douchebag named Arthur Laffer - a former advisor of Ronald Reagan - who basically is 100% wrong.

To recap:

America’s last decade can be summarized by:

- BAD: Spending and Consumption… problem was it was debt-driven and creating paper value.
- GOOD: Production and Savings.

America needs to get back in the business of producing and saving.

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