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.
Jun 5, 2015
The Fed Will Not Raise Rates, No Matter What
The bottom line is, does not matter where the unemployment rate goes, does not matter how high the inflation rate goes, they can never raise interest rates without precipitating a worse financial crisis than the one we had in 2008.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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