Phrase by 'Peter Schiff'
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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.
Author: Peter Schiff - American BusinessmanPeople , World , Freedom , Government
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.
Author: Peter Schiff - American BusinessmanYou , Work , Family , Community
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.
Author: Peter Schiff - American BusinessmanMe , Truth , Nature , Hypocrisy
My investment advice is rooted in my understanding of economics.
Author: Peter Schiff - American BusinessmanUnderstanding , Advice , Economics , Rooted
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.
Author: Peter Schiff - American BusinessmanMe , Money , Gold , Political
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
Author: Peter Schiff - American BusinessmanFall , Changes , Rise , Inflation
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