I present below, without comment, a recent interview of Schiff (investor, Austrian economist, accurate predictor of the current crisis) where he talks about the economic crisis and the stimulus. He predicts hyper-inflation worse than anything we have ever seen if we keep going down this path.
Peter Schiff: “Stimulus will lead to unmitigated disaster”
February 10, 2009 by musefree
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Seen a lot of Peter Schiff. Having predicted the crisis, he got all his clients heavily dis-invested in the dollar. So, ummm… pinches of salt advised. But yes, what he says does sound intuitively right. And if it comes true… boy will those be bad times…
I so wish Peter Schiff was a university prof or something…. blogging about the economy and giving us all the numbers and math to support his claims…