Interest Rates Are Too Low

One of the problems that we have in America is that interest rates are too low. We don`t save enough, we spend too much, we borrow too much, we don`t produce enough so we have these huge external imbalances where we have to borrow from the rest of the world because we do not save ourselves.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.