Remember ‘The Brady Bunch’ TV show? That 1970s family had a full-time live-in housekeeper called Alice. Mrs. Brady worked at the PTA and did community work. She didn’t clean her own house. That was middle class. Now you have to be very rich to employ a housekeeper. Everything it meant to be middle class has changed dramatically. Peter Schiff Read Quote
What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened. Peter Schiff Read Quote
The market needs to set prices, including interest rates and allocate resources. If it were up to me, we would abolish the Fed and return to the gold standard. Absent that, the Fed should be completely removed from the political sphere, its dual mandate replaced by a single mission to provide the nation with sound money. Peter Schiff Read Quote
The middle class today would be poor by the standards of the 1950s. Today, with two people working, they would still live paycheck to paycheck. Peter Schiff Read Quote
The government can’t create jobs; they’ll destroy jobs trying to do it. The government doesn’t have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy. Peter Schiff Read Quote
The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I’m concerned, he’s public enemy No. 1. We’re never going to have a recovery while this guy’s in charge. Peter Schiff Read Quote
Gold actually has properties – you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else. Peter Schiff Read Quote
The American middle class used to be envy of the world. It was a byproduct of economic freedom. We had a very dynamic free-market economy and limited government. People were out there pursuing their own self-interest and creating employment opportunities. Peter Schiff Read Quote
