The Cheap Money Is Harming the U.S. Economy

The stock market is a function of the QE, of all the cheap money. the same cheap money is really making it impossible for the U.S. economy to create the kind of jobs, quality jobs that most americans need.

We have regained numerically the jobs that were lost since the beginning of the Great Recession but they are not the same jobs, the jobs that we are creating pay a lot less than the jobs that were destroyed. In fact, many of them are part time jobs.

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