Hilarious encounter between Peter Schiff and a real New England mafia guy in the Walmart parking lot; Austrian Economics meets The Departed

The real “The Departed” meets Austrian Economics. This is the funniest thing I’ve seen in a while.

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A mind weapon riding along with Four Horsemen of the Apocalypse.https://en.gravatar.com/profiles/edit/#
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4 Responses to Hilarious encounter between Peter Schiff and a real New England mafia guy in the Walmart parking lot; Austrian Economics meets The Departed

  1. Stary Wylk says:

    Schiff’s argument leaves out the cost of the goods and other costs of running a store. It only make sense if labor is the only input. H\

  2. Brandon says:

    @Stary Wylk: “H\
    Heil Hitler back at cha…

  3. Sam says:

    It wouldn’t take 15% higher prices to get 15% higher wages. Wages are are 10% of a manufactured products cost. May be a little less now with global wages on products. If I remember correctly mark up price on products is 30% to 50% at the store on products. I have no idea what their overhead is or what their employee wages are.

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