Peter Schiff Quotes

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Peter Schiff

Profession : Businessman

Birth : March 23, 1963

The middle class today would be poor by the standards of the 1950s. Today, with two people working, they would still live paycheck to paycheck.

Peter Schiff

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.

Peter Schiff

When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president.

Peter Schiff

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.

Peter Schiff

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.

Peter Schiff

I would say to people of a libertarian conservative position on an issue, do not do a taped interview. You're going to come out looking really bad. No matter what you say, no matter how eloquently you answer a question, your answer is not going to be what you said.

Peter Schiff

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

Peter Schiff

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 either by cutting rates, launching QE, or threatening to launch another round of QE.

Peter Schiff

Wal-Mart creates entry level jobs for people who don't have a lot of skills; those jobs don't pay a lot.

Peter Schiff

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

Peter Schiff

Gold has worked for thousands of years, but now with the Internet, it works even better.

Peter Schiff

The one place that bitcoins seem to be used as money is in crime.

Peter Schiff