While many of us (incl. your's truly) lament "we did not see things turning sour - so bad, so fast; it is a real shame when we ignore the warnings and dismiss Peter Schiff as a doomsday prophet. In fact he was nicknamed "Dr. Doom".
Watch this.
As one of my friends who forwarded this said "I wonder where that moron who kept arguing (with Peter) is." Well, Arthur Laffer is a well regarded economist and known for "Laffer curve". Definitely read the two wiki articles. It will give a perspective of why Laffer was so convinced/unwilling to concede.
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