Re: Peter Schiff vs. Jeremy Siegel on the Depression
Great video, Lew! Jeremy Siegel’s faith that the government (in particular the FDIC) can save us from another depression as bad as the 1930s would be touching if it wasn’t so dangerous. One new thing I learned. Peter Schiff said that only 2% of deposits were lost in the 1930s. Does anyone know the facts behind that claim? Is that 2% of dollars on deposit? 2% of accounts (but 100% of those accounts)? Individual or corporate depositors? Let me know the details and I’ll add them as an update to this post. Great responses from two readers… Patricia Meserole writes: … Continue reading Re: Peter Schiff vs. Jeremy Siegel on the Depression
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