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Quote by Peter Schiff

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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

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“We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.”

“Someone recently pointed out how much Barack Obama's style and strategies resemble those of Latin American charismatic despots - the takeover of industries by demagogues who never ran a business, the rousing rhetoric of resentment addressed to the masses and the personal cult of the leader promoted by the media. But do we want to become the world's largest banana republic?”

“We have some role in almost everything that happens in our lives. When "bad" things happen, the mistake is not in the role, but in calling them bad. For in calling them bad, we call ourselves bad, since we had a role in their creation. We then have only two choices: blame ourselves, or disown our creative power, neither of which is congruent with our highest purpose.”