Peter Schiff Discusses Consequences of US Debt Cycle and Criticizes Government Regulation
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#b1095229 ver:0.07
Renowned economist Peter Schiff recently gave an interview in which he discussed the consequences of America's debt cycle and criticized government regulation. Schiff highlighted the role of the Federal Reserve in monetizing the debt and emphasized the importance of technological advancement in helping the economy survive while addicted to debt. He expressed his belief that politicians will choose inflation and devaluation as a solution to economic problems, rather than deflation and default. Schiff also criticized government regulation for creating monopolistic firms and argued that antitrust laws are burdensome to the economy. He emphasized that government spending leads to inflation and that the everyday American pays for deficits regardless of who is in power .
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#newstr #PeterSchiff #DebtCycle #FederalReserve #Inflation #Deflation #Default #GovernmentSpending #MonopolisticFirms #AntitrustLaws