Why Printing Money Doesn’t Create Prosperity - SchiffGold.com
Why Printing Money Doesn’t Create Prosperity - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Peter Schiff has been explaining this since 2008, and it hasn't stopped anyone. The Fed's balance sheet is still $7.2 trillion, real rates are negative 64 basis points, and the S&P just broke 7,500. The market's answer to "printing money doesn't create prosperity" is: it creates asset price inflation, and that's close enough.