It seems that Don Luskin is upset about my comments. This would not be the first time, as he sent me a flood of emails last year attacking Peter Schiff and me. Here is his latest blog salvo:

Update [5/27/2009]… “Austrian” mafia capo Bill Anderson accuses me of “attacking” his boy Schiff by posting the above, claiming that the quotation from Time is something I “declare” rather than an external authority whom I quote. Can these thin-skinned idiots even read?

Yes, I can read, so I will say something about this article in Time that Luskin quotes: it is entitled “Why We Should Listen to Peter Schiff’s Bad News.”Yes, Time was not attacking Schiff, but Luskin wants us to believe that the magazine somehow was discrediting him. (Can these thin-skinned idiots even read?)

I will display the entire paragraph from which Luskin cherry-picks a quotation, and I will let readers decide whether or not Luskin’s theme — that Schiff is a loser and a bad prognosticator on the economy — is true:

This year, though, Schiff’s TV bookings are down 75% to 85%, says his younger brother Andrew, who handles p.r. for him. About the only things written about him lately have been negative–the result of financial blogger Michael (Mish) Shedlock’s pointing out that Schiff’s investment recommendations were money losers in 2008. How could a bear have managed to lose money last year? Schiff was blindsided when global investors piled into dollars and U.S. government bonds during last fall’s panic. But that rush to safety has already abated, and over longer periods, Schiff’s decade-old strategy of steering clients out of U.S. securities and into commodities and overseas stocks has been a big winner. His investment record surely can’t be the reason for his fall from media grace.

Time goes on:

No, the main issue with Schiff seems to be that he hasn’t changed his tune–and it isn’t a pleasant tune to listen to. He thinks the “phony economy” of the U.S. is headed for even harder times. He believes that the crisis-fighting measures coming out of Washington are merely delaying the inevitable, debasing the dollar and loading future taxpayers with huge debts.

So, who is not able to read?