When Entertainment Passes for Investment Advice

The undisputed king of macro-tainment is Peter Schiff. Schiff has managed to combine the most effective form of political entertainment — right-wing talk radio — with the most popular and addictive flavor of macro-tainment, Austrian economics. Schiff was elevated to dizzying heights of popularity after 2007, when one of his many, many, many, many bubble calls proved to be right. Since then it has seemed like Schiff is everywhere — I’ve seen his face on three banner ads in three different magazines just this morning.