Showing posts with label Peter Schiff. Show all posts
Showing posts with label Peter Schiff. Show all posts

Thursday, December 4, 2014

The Nonsense That Peter Schiff Has To Put Up With

By Chris Rossini

Here's a good one.

A CNBC host makes the following statement to Peter Schiff:
I don't think a 2% inflation level would actually make people poorer. I think this is really in line with economic growth.
Think about what this woman is saying.

If a mugger takes 2% of your purchasing power (and keep in mind that the mugger is telling you it's only 2%) you're not actually poorer!

Peter handles this (around the 4:53 mark) along with much more: