There are a lot of solutions, the problems are easy to identify, and the solutions are simple. The problem is in a democracy, getting the solutions adopted. Because everybody wants something for free and everybody thinks the government can provide prosperity, the government can provide wealth. It can`t. They can destroy that, but they can`t provide it. Yes, they can steal from one person and give it to somebody else but in the process of doing that they make everybody poor.
It`s hard to convince people to vote for freedom, to vote for less government. It`s much easier to convince them to vote for more. When it becomes difficult is when the government is so big and is destroying the economy so completely that the people finally wakes up to it. So I think the catalyst for change is extreme collapse, extreme despair and disaster when that message can no longer sell.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2016 (252)
- ► 2015 (344)
- ► 2014 (429)
- Christmas Sales: The Worst Since 2009
- China`s Currency Is Likely To Appreciate in 2014
- The Big Story Will Be China`s Tapering
- U.S. Economy: The Highest Rate We Can Afford Is Ze...
- The Federal Reserve Eased Monetary Policy When The...
- Video: The Highest Interest Rate We Can Afford Is ...
- Bitcoin: It Will Not Work As A Currency
- Simple Economics On Wal-Mart (WMT)
- Video: The Response From The Left
- Bitcoin: The High Is Probably In
- This is Taper-Light, At Best
- The Fed Is In A Box
- How An Economy Grows And Why it Crashes: Simplifyi...
- Investing In The Big Picture
- America`s Level Of Taxation
- Alternative Media: The Best Source Of Information
- Fiat Currencies, Gold & Bitcoins
- It`s Hard To Convince People To Vote For Less Gove...
- The Whole U.S. Economy Is Based On Debt
- The Fundamentals Of The U.S. Economy
- The Potential Growth In Asian Capital Markets
- Video: Economics, Politics & Monetary Policy
- The Federal Government Is Now Monetizing 150 Perce...
- The Dollar Has Not Collapsed Yet, But It Will
- Gold Is Going To Resume Its Ascent
- What Will Happen When Foreign Central Banks Stop B...
- Emerging Markets Inflation Explained
- Bitcoin: Money Or Speculative Asset?
- If The Fed Stops, We Will Have A Complete Collapse...
- Digital Currencies Backed By Gold?
- Bitcoins: Don`t Have Any Value Absent Being A Medi...
- There Is A Bubble In The Stock Market
- Video: U.S. Stocks Are Expensive
- Bitcoins: Tulipmania 2.0
- ▼ December (34)