Love him or hate him, check out Austrian economist Peter Schiff’s brief, frank response to this week’s State of the Union address:
</p> <p>Schiff takes Obama to task, demanding that government back off and let prices reflect value. Government cannot substitute for demand; Schiff cites Lehman Brothers and high speed rail as examples of areas where government subsidies interfere with a sustainable business practices.</p> <p>It’s not surprising to hear an Austrian call for austerity measures, but still worth a listen if you’re not SOTU-ed out.</p> <p> </p>
