Wal-Mart creates entry level jobs for people who don’t have a lot of skills; those jobs don’t pay a lot. Peter Schiff Read Quote
Every time the market has corrected, since 2008, it’s always been the Fed that’s made the bottom. The Fed has always saved the market either by cutting rates, launching QE, or threatening to launch another round of QE. Peter Schiff Read Quote
In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up. Peter Schiff Read Quote
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad. Peter Schiff Read Quote
That’s what’s really bothering me about Trump is the hypocrisy, because when Trump was a candidate, and he got elected – because, by and large, he told the truth about the phony nature of the recovery. Peter Schiff Read Quote
My mother always taught me that two wrongs don’t make a right. We shouldn’t bail out Wall Street. We shouldn’t bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We’ll run into the hundred of millions to prop these companies up. Peter Schiff Read Quote
When the dollar collapses, it’s not doing it in a vacuum. If the dollar loses value, it’s doing so relative to some other currency. So the purchasing power that we lose, somebody else gets. Peter Schiff Read Quote
When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president. Peter Schiff Read Quote
I would say to people of a libertarian conservative position on an issue, do not do a taped interview. You’re going to come out looking really bad. No matter what you say, no matter how eloquently you answer a question, your answer is not going to be what you said. Peter Schiff Read Quote
