In the U.S. where everybody is massively in debt including the government the debtors will have relief if inflation bails them out. But that is not an argument that inflation is a good thing it just allows the debtors to default on the creditors. So the debtors win and the creditors lose.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Apr 4, 2014
U.S. Economy: The Old Saying About Lies
There is the old saying about lies, if you repeat them often enough and say them loudly enough eventually people will accept it as being the truth. And I think everybody has succeeded on that when it comes to blaming the bad news on the weather.
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.
Inflation And The Minimum Wage Hike
Inflation papers over the economic consequences of the minimum wage hike by reducing the value of the money earned.
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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