Plastic Explosives

Without a doubt, Americans, and all other people for that matter, benefit from having access to “rainy day money.” But Americans should be saving for a rainy day, not adopting the attitude that if it rains I’ll whip out my credit card. If Americans need to pay for a suddenly ill dog, to straighten their kid’s teeth, or to pull them through a period of unemployment, they should save some of their present earnings.

But saving money requires a reduction in spending, and that is something that modern economists, within and without the Administration, cannot abide.

Peter Schiff (interview) doesn't sound like the Keynesians on CNBC and CNN. He actually believes we should build up our savings instead of going into debt. Obiously an unstable individual if you agree with the mainstream political dogma.