At some point its not going to be, "inflation is too low", its going to be, "inflation is much too high." And the pressure on the bond market will be intense, the amount of money the Federal Reserve is going to have to create to artificially supress interest rates will be too much for the economy to bear in the way of dollar depreciation and consumer price increases.
So at some point they are to have to deal with the genie they let out of the bottle. How long can they wait? I do not know. But they are going to wait as long as they can and believe its going to be a huge, huge problem at the time they try to do something about it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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