All of my life I have witnessed the best minds adamantly refusing to get involved in politics. People like Milton Friedman, Thomas Sowell and Walter Williams to name three. For whatever reason genuine intellectuals refuse to get involved.
But now there is Peter Schiff. He is an economist but not an economist in the academic sense of the term. In other words, he has had to put his money where his mouth is. He has apparently profited handsomely from his understanding of monetary policy. Now, he is running for the Senate in Connecticut.
Why do I respect Peter Schiff? Because he understands economics. Perhaps the most serious flaw in our republic is that we allow people with no understanding of even the rudiments of economics to hold office. We have lawyers by the truckload. Lawyers with little, if any, economic IQ. Sadly, we have very few economically astute legislators from any profession.
LADIES AND GENTLEMEN, PETER SCHIFF!!!