Legitimate economic expansions, financed by actual savings,… - Peter Schiff

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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.

Peter Schiff

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About Peter Schiff

Peter David Schiff (born March 23, 1963) is an American businessman, financial commentator and author noted for his predictions of the housing market crash in 2005, support for unregulated markets and reduction of the powers of federal government. He was a Republican candidate for one of the Connecticut Senate seats, against veteran politician Democrat Chris Dodd.

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Alternative Names: Peter David Schiff

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Alan Greenspan Henry Hazlitt John Kenneth Galbraith Benjamin Graham Michael Hudson

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

The process of dumbing people down so they’ll buy official figures showing inflation “under control” at levels of 1 to 2 percent or so (when it is actually more like 8 to 9 percent) is actually a fairly recent development.

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

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

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