TV Business News is Rarely This Entertaining

One of the more delightful consequences of easily recorded and regurgitated video content is the ability to make fun of people for stuff they got wrong. Or really really wrong. It's Jon Stewart's bread and butter. But it's a pretty easy thing to do at home too, and oftentimes Youtubers will get in on the party.

Peter Schiff, money manager and 2010 U.S. Senate candidate (Connecticut Republican Primary looser), was right about some stuff, as you can see. Schiff has since used the fame gained from such a prediction to call for the scaling back of regulations on the financial system and other libertarian policies. Schiff believes that it was too much government intervention in the markets that that precipitated the housing bubble, specifically through maintaining interest rates artificially low.

There are those who favor a more active government who also predicted the crash, however. The problem with lionizing guys like these is that they're often wrong too. Anybody who tries to predict the behavior of something as complex as the global economy always will be.

That video is still pretty hilarious/terrifying.