Hey Art Laffer, let’s go double or nothing on that penny you still owe me! (Video)

Hey Art Laffer, let’s go double or nothing on that penny you still owe me! Video by Peter Schiff

In 2006 I made a bet with Art Laffer on Larry Kudlow’s TV show that the economy was headed for a crash. He said it was in great shape and that there was nothing to worry about. The stakes were a penny and a note from the loser admitting he was wrong. To this day Art has delivered neither the penny nor the note. Art is once again claiming the U.S. economy is in great shape,. and advocates giving control of the Fed to President Trump to keep it that way. He is a wrong now as he was back in 2008.


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Peter Schiff

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for more than twenty years, he joined Euro Pacific in 1996 and served as its President until December 2010, when he became CEO. An expert on money, economic theory, and international investing, he is a highly sought after speaker at conferences and symposia around the world. He served as an economic advisor to the 2008 Ron Paul presidential campaign and ran unsuccessfully for the U.S. Senate in Connecticut in 2010.