The Fed Can’t Fight What It Doesn’t Understand - Ep 869
The Peter Schiff Show Podcast
00:00
The Biggest Fraud of All Time
"I said this was going to be the biggest honey pot of all time," he says. "Whenever the government is giving away taxpayer money, people are going to do whatever they can to qualify even commit fraud" Politicians underestimate how much anything is going to cost because they never take into consideration moral hazard, Obama adds. 'If it's not your money, if the money belongs to somebody else, well, then who cares?'
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