Corporate Cash, DWI Cases, University Economics Classes and the Perth Mint

Listeners’ Questions, Peter’s Answers – December 22, 2011

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Ben from Long Island, NY
I read in The New York Post that corporations are holding onto $2 Trillion of cash. What will make them want to spend to create productive jobs and invest in America?

William from New Britain, CT
In light of your interview on jury nullification, I wonder what your opinion is on DWI cases. I have a court date on Jan 3rd for the second DWI with a minimum penalty of four months in jail. I’m a mechanical engineer, five years with same company, I have never had a car accident in my life, nor even a ticket. This crime had no property or health damage.

Christian from Cupertino, CA
I am an economics student at UC Santa Barbara and I’m astonished at how ignorant some people are. Textbook economics argues negative externalities should be taxed based on their harm, and positive externalities should be subsidized based on their benefits. I was wondering what you think about this and why.

Mike from Bronx, NY
With the understanding that the US dollar is going to crash, how is that going to affect mortgage contracts that were signed in dollars? Will they try and transfer it to the new currency system? That’s illegal, isn’t it?

Alice from Brisbane, Queensland (Austraila)
I live in Australia and for a number of years have been buying unallocated gold that’s being stored in the Perth Mint. Is this safe or does the “if you don’t have physical possession you don’t own it” mantra apply to the Perth Mint as well? Can Perth Mint and the WA government be trusted?

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.

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