Why We Should Listen to Peter Schiff's Bad News

Peter Schiff predicted the credit collapse long before the "experts." So why is it so hard to hear him now?

Illustration by Carl Wiens for TIME

Correction Appended May 22, 2009

Peter Schiff is loud--a decibel or 12 above everybody else. And it's hard to get him to stop talking. Ask the man a simple question and you get a 10-minute harangue in response. This harangue is likely to feature libertarian political opinions that are by Schiff's own admission pretty extreme--inherited as they were from a father currently in prison (at age 81!) for refusing to pay income tax.

Yet Schiff, 46, is not just some opinionated boor. He possesses a self-awareness that renders him a bit less obnoxious than I've described, and he happens to have done...

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