Inflation: Prices Are Going Up

Prices are actually going up, despite the fact that the government tells us they are not. But one of the main reasons that prices have not gone up even faster is because we have exported a lot of that inflation to emerging economies. Check the inflation rates in other countries that peg their currency to the U.S. dollar that have big trading surpluses with the United States.

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