The idea that the problem in Europe is an absence of inflation is ridiculous. If you are going to define inflation as rising consumer prices, the slower they rise, the better. If fact, if consumer prices were to fall that would be better still. So, Europe is not going to solve any economic problems by creating inflation. You will exacerbate them. What Europe needs, the same that America needs, is less government, fewer regulations, less government spending, less government debt, less social welfare programs and more free market capitalism. That is what is going to solve the problems.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 8, 2013
Nov 7, 2013
Video: Federal Reserve, Cheap Money & Asset Bubbles
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 6, 2013
The Federal Reserve Is Getting Ready To Increase QE
If you go back to that Fed statement, the Fed does not mention taper, it says adjust monetary policy. Adjustment does not imply a direction. I think what the Fed is getting ready to do is increase the amount of QE, not diminish 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.
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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