On January 31st, Euro Pacific's Peter Schiff spoke with Jeff Macke on which remaining GOP candidate would do best for the economy, and hands down, the money manager reiterated his stance for Ron Paul as the best overall choice.
However, Schiff also believes that Congressman Paul will not win the nomination, and offers Mitt Romney as the better of two evils between himself and Newt Gingrich on who would best run the economy.
Jeff Macke: Peter, who do you want to win down there in Florida, and let’s dovetail that with who might have a chance?
Peter Schiff: Well, obviously I want Ron Paul to win, but, he’s not going to, in fact, he didn’t even really campaign there… I think he made a strategic decision to avoid competing in a very expensive state.
But of the remaining candidates, who would I prefer as a lesser of…
JM: Who’s best for the economy? Who’s gonna be the guy who’s gonna be best of a sorry lot?
PS: I don’t think any of them are good for the economy… it’s which of them will do the least amount of damage. And between Newt Gingrich and Mitt Romney, I’m going to come down in favor of Mitt Romney.
Maybe Romney could be better influenced to do the right thing in a financial crisis. I mean, we’re gonna have a financial crisis, we’re gonna have a monetary and fiscal crisis, and maybe he’s got a better chance in that crisis of reluctantly doing the right thing unlike Newt Gingrich.
JM: Let’s get back to Romney… do you think it helps that he’s a business man?
PS: … What I think Romney lacks is a better understanding of Austrian economics, of money, and I think he has a capacity to learn those things if he surrounds himself with the right people. He seems to show, at least in these debates, some sympathy for Ron Paul, and maybe Ron Paul could have some influence on Mitt Romney, or maybe his son Rand would be able to. – Yahoo Finance Breakout
The most interesting point of this interview was that no matter who wins the Republican Presidential nomination, the consensus by a large margin is that only one man of the remaning candidates is believed to be capable of dealing with the economy, and a coming financial crisis. Even with the belief that Ron Paul would have difficulty winning in Florida, all other candidates run a distant second to his financial and economic authority.
Ron Paul represents an ideology more than he does an ideologue, and this is why the grass roots effort to promote liberty and the Austrian school of economics has grown in the past five years. Congressman Paul helped lay the groundwork for a return to economic principles that the nation was founded on, and has fought against the actions of Keynsianism that has resulted in lost jobs and immense debt.
Most conservative businessmen who believe in a strong dollar and sound money are advocates of Ron Paul and his economic platforms. From Jim Rogers, to Gerald Celente, Paul Roberts, and now Peter Schiff, they each believe that his ideas on the economy are the most valuable, and the most viable in helping the US financial system recover from default, debt, and a potential economic collapse.
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