Jun 5, 2015

QE Is Like Putting Out A Fire With Gasoline

Quantitative Easing (QE) is like putting out a fire with gasoline. You cannot put the fire out, you just make it bigger. The problem is when all you have is gasoline, that is all you can do.

The Keynesians do not understand their own remedy is the reason the patient is so sick and they get to administrating 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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