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… — Peter Schiff Copy Share Image
The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it. — Peter Schiff Copy Share Image
Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is… — Peter Schiff Copy Share Image
Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen… — Peter Schiff Copy Share Image
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.… — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.” — Peter Schiff Copy Share Image
We had a very upwardly mobile economy, and that peaked around the 1950s when the typical middle-class American family consisted of a father with… — Peter Schiff Copy Share Image
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles. — Peter Schiff Copy Share Image
The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what… — Peter Schiff Copy Share Image
Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do… — Peter Schiff Copy Share Image
Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the… — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
![“The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.” quote by Peter Schiff](https://sms4smile.com/quotes/img-quotes/f9e/peter-schiff-8095_built_the-real-story-of-detroit-can-be-summed_2258179.jpg)
