Peter Schiff Quotes

...it is the natural tendency of market economies to lower prices that makes them so successful.

The Constitution denies the states the power to make anything other than gold or silver coins legal tender in payment of debts.

Mutual funds are an overrated investment heavily promoted by Wall Street.

Think about all the rules and regulations American businesses have to deal with. How can we compete with nations that don’t impose those excessive burdens? Does anyone think that the United States could ever have become a great power with all the rules, regulations, and taxation that exist today?

X, Peter Schiff (2025)

Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse.

In the long run, the euro as a fiat currency may very well fail like the U.S. dollar. (2006, before Greece)

Real economic growth emanates from increased productivity, which tends to hold prices down.

Here’s why I would recommend against [selling the U.S. stock markets short]....Retail brokers normally require investors to hold any short-sale proceeds in U.S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value....I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.

Legitimate economic expansions, financed by actual savings, do not need busts. It is only the inflation-induced varieties that sow the seeds of their own destruction.

One of the biggest attractions of the euro is that it is seen as the most likely candidate to replace the dollar as the reserve currency.

While we’ve been buying time, things have gone from bad to worse. We have debased our currency so much it is already beyond control. We just haven’t felt the full impact yet because we have had massive artificial support from abroad.

If you think mutual funds aren’t a flagrant enough example of conflict of interest, try hedge funds.

Too many people in Connecticut are struggling right now, and the last thing we need is meddling politicians making things worse. Only by cutting deficit spending, reducing burdensome regulations, and letting people keep more of their hard-earned dollars will we get our economy back on track.

Dodd's proposal takes regulatory authority away from one unaccountable institution and gives it to another even bigger one. This will not solve our problems.