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Quote by Peter Schiff

“Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.”

Quote by Peter Schiff

Author

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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“My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.”

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“If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.”

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Book:Planning for freedom, and twelve other essays and addresses

Source: Planning for freedom, and twelve other essays and addresses

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Book:Bureaucracy: The Economist

Source: Bureaucracy: The Economist