Quotessence
Home / Quotes / Quote by Peter Schiff

Quote by Peter Schiff

“The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it.”

Quote by Peter Schiff

Author

Peter Schiff
Peter Schiff

Peter Schiff is an American author, economist, and financial commentator. He is recognized for his bearish outlook on the U.S. economy and for predicting the 2008 financial crisis. Schiff has written several books on economics and finance, and has been a regular guest on various financial news programs. more

You May Also Like

“When government taxes and regulates, what is seen are the visible effects of government contracts, grants, and subsidies. What is not seen are all of the property, business, and jobs that would have been created if citizens were left with the right to choose.”

“Justice demands that the good and hard-working be rewarded and the evil and the lazy be punished (if only by the withholding of the rewards of doing the right things). Modern Liberalism demands that the good and hardworking be punished as the recipients of an unfair advantage and the evil and the lazy be rewarded, their acts of evil and their failure all the proof the Modern Liberal needs that somehow they have been victimized by forces out of their control.”

“Welfare policies never attain those - allegedly beneficial - ends which the government and the self-styled progressives who advocated them wanted to attain, but - on the contrary - bring about a state of affairs which - from the very point of view of the government and its supporters - is even more unsatisfactory than the previous state of affairs they wanted to 'improve.'”

“Punishing enemies and rewarding friends - politics Chicago style - seems to be the unifying principle that helps explain the Obamacare waivers, the NLRB action against Boeing and IRS's gift tax assault on 501(c)(4) donors. They look like examples of crony capitalism, bailout favoritism and gangster government. One thing they don't look like is the rule of law.”

“Many of the wonderful achievements of the 20th century were the result of the pursuit of profits. Unfortunately, demagoguery has led to profits becoming a dirty word. Nonprofit is seen as more righteous, particularly when people pompously stand before us and declare, 'We're a nonprofit organization.'”