Business Quote by Peter Schiff

“In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.” quote by Peter Schiff — Download Open image

“In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.”

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More by Peter Schiff

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 other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go…

Peter Schiff

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

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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

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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

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“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.”

Peter Schiff

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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

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Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

Peter Schiff

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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

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Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If…

Peter Schiff

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

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The real bubble in China is in US Treasuries, in US dollars.

Peter Schiff

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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

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I'm a business first and foremost so whatever my business is, it's separate from my personal. It's like whatever I do business wise, it's…

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Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.

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I think a business guy is different from an artist. They walk different paths. Artists create the best outputs when they're having fun. And…

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“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of tossing capers into just…

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