Yesterday, on CNBC’s Kudlow Report, Peter Schiff made the case that the economy is not improving, that inflation is worse than reported, and that a dollar crisis lies ahead.
“The money is being printed, that is the definition of inflation. We are expanding the money supply… Prices are rising. Everybody who shops knows that. But eventually you’re going to see much higher increases in consumer prices. The government isn’t going to be able to hide that with the CPI and the government is going to be in a box… One way or another we’re going to have this dollar crisis. It’s not a matter of if, it’s a matter of when.”
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