May 20, 2015

The U.S. Economy Is Addicted To Zero Percent Interest Rates

We have had zero percent interest rates for 6 years. We are addicted to zero percent. We can`t handle even 2 percent even though that is historically low, that is not low enough for the addiction that we have.

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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