Talking about the Bitcoin bubble with Liz Claman, Host of FOX Business Network's The Claman Countdown:
Peter Schiff Bursts The Bitcoin Bubble
Jan 25, 2021
COVID Stimulus Will Be Paid For By Inflation
I agree with Jeremy Siegel that bondholders will suffer losses as COVID stimulus is paid for by inflation, but disagree with his assessment of how much it will cost. Inflation will be much higher, and the losses far greater than he thinks.
The U.S. Economy After The Pandemic
For all the talk about pent up demand driving strong economic growth after the pandemic, the truth is we must pay the bill for all the stimulus during the pandemic. Because we borrowed so much to mitigate the recession, we need to spend less during the recovery to repay the debt.
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