The Man Who Predicted the Financial Crisis

It has taken me considerable effort to unravel the financial crisis.  Here is a video of Peter Schiff telling a story that is very close to mine--except that the video is shot in 2006, before the crisis hit. The video breaks the speech into segments, and the segment to which I linked is in the middle of the speech.

People have been mentioning Schiff to me for quite some time in comments on my analysis, saying things like, "You and he are on the same page." That's very flattering, but where was I in 2006? I think this is a must-watch video, because it shows how clearly he saw the crash coming.

Thanks to Michael Holmes for the pointer.

Presented by

Arnold Kling

Arnold Kling earned his Ph.D in economics at MIT. He was an economist on the staff of the Federal Reserve Board. From 1986-1994 he worked at Freddie Mac. He started Homefair.com in 1994 and sold it in 1999. His fourth book, From Poverty to Prosperity, co-authored with Nick Schulz, is due out in April of 2009. He blogs regularly at Econlog.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

A Miniature 1950s Utopia

A reclusive artist built this idealized suburb to grapple with his painful childhood memories.

Video

Why Principals Matter

Nadia Lopez didn't think anybody cared about her school. Then the Internet heard her story.

Video

A History of Contraception

In the 16th century, men used linen condoms laced shut with ribbons.

Video

'A Music That Has No End'

In Spain, a flamenco guitarist hustles to make a modest living.

More in Business

Just In