Max Keiser interviews money manager, economist author and radio host Peter Schiff to talk about inflation : "yo know you get this Keynesian or neo Keynesian idea that inflation or economic growth or unemployment high unemployment are somehow mutually exclusive that as long as you have a slack in the economy and i.e. resources and unemployed workers that you cannot have inflation , I mean no matter how much money the government prints that prices are not going to rise and that nonsense in fact reality is just the opposite people who are employed in making things keep prices down in fact prices will fall if you have a lot of people making things because the supply of hings goes up and so the price of those things can go down , when people aren't working and aren't being productive you have a scarcity in production and that makes prices go up you throw cheap money on top of it , you have inflation being created by central banks and you have more and more money chasing the diminished quantity of stuff , prices can ruse much faster in a weak economy than they would in a strong economy "
Saturday, June 11, 2011
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.