Peter Schiff, Carl Icahn & Over Regulation
Produce Nothing, Profit Nothing
Peter Schiff, Carl Icahn & Over RegulationOne thing Icahn is adamant about is the US economy’s move from manufacturing to the service industry being a wrong turn.
In a society like ours, manufacturing is important. Sooner or later, you can’t just keep tweeting to one another. We say we’re a service economy. Oh, that’s great…What does that mean? That we text more to each other? Sooner or later, everybody is going to just sit there and text to one another. Isn’t that wonderful? So why should anybody work? We can just sit there and text to each other and watch TV. This is happening as we speak…Eventually our currency is going to go to hell and we’re going to lose our hegemony.”