This demonstrates so much ignorance. Number 1: She thinks inflation is caused by economic growth.
So she thinks the only time we have to worry about inflation is when we have a lot of economic growth. that might cause it. Not only does Janet Yellen think that economic growth causes inflation, she thinks inflation is a prerequisite to economic growth, that the economy cannot grow unless there is inflation.
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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