This should be required viewing by everyone running for any office anywhere in the world. Peter Schiff explains to Congress this week how simple economics really is and what they ought to be doing. This video also shows how econ professors have created economic chaos by advising the state with ideas that have been demonstrated to fail.
For those new to Mr Schiff, a great video is his speech to the mortgage bankers of America in 2006. Schiff predicts the economic problems to come and gives a lesson in how the economy works and how it fails. After watching this you’ll be able to slay econ PHDs with an invisible hand tied behind your back. A great primer on the Austrian School of economics. Entertaining and informative.