Skeptic Project

I love this channel: http://www.youtube.com/user/SchittReport

The latest video really captures a lot of his disconnect between reality and ideology:
http://www.youtube.com/watch?v=ys7NlQHVNCE

This dumbshit has 0 understanding of the modern monetary system and thinks that you can solve everything by going back a century instead of moving forward.

All he has is hot air rhetoric and when asked about 1) how would you peg the dollar to gold given there is US$9 trillion M2 in circulation and only a few hundred billion worth of gold in the treasury and 2) how would you price the US dollar if it was pegged to gold - all he can say is "I don't know".

A true category 5 moron with nothing but hot (smelly) air emanating from his ugly mouth.

In the video he also makes the assumption that the dollar has no value, we just say it does. Well, that's true for gold too. Gold is only worth something because we say it is, in reality it's essentially function-less aside from recent developments in technology. You can't eat it, you can't burn it, you can't do anything with it other than say "yes, it's worth something!" Worth what? Not even Peter Schiff seems to know. Don't believe me? Aside from traditional belief, what is it that makes gold any different than pyrite? Nothing.

He makes prediction after prediction, which do not come true, and his followers just ignore it.

Quote from Wolf Bird

I think Peter Schiff's followers are some of the worst when it comes to confirmation bias. they constantly trumpet the things he did get right (like the housing crisis, though he wasn't the only one predicting it) but ignore so much stuff he gets wrong.

Peter Schiff "predicted" the housing crisis in the same way that Gerald Celente did, in that when tons of other people, including George W Bush were talking about it, then he "predicted" it.

This is the guy who I talked about on the other thread, right?

Btw, what´s "confirmation bias"?

Quote from Kepp

http://www.skepdic.com/confirmbias.html

"Confirmation bias refers to a type of selective thinking whereby one tends to notice and to look for what confirms one's beliefs, and to ignore, not look for, or undervalue the relevance of what contradicts one's beliefs."

But can´t we skeptics be accused of that same bias?

Quote from Sabertooth

Quote from Kepp

http://www.skepdic.com/confirmbias.html

"Confirmation bias refers to a type of selective thinking whereby one tends to notice and to look for what confirms one's beliefs, and to ignore, not look for, or undervalue the relevance of what contradicts one's beliefs."

But can´t we skeptics be accused of that same bias?

Yes. It's always good to try and prove yourself wrong. This is one reason for the peer review step in the scientific method.

Quote from Kepp

There are more biologists who believe in creationism than there are economists who believe in Austrian economics.

If God created organisms, then he's a pretty crappy designer, or at the very least he's incompetent, which just happens to fall in line with his track of managing, oh, just about everything else in the universe.

Also, Austrian economics sucks.