Peter Schiff had a lively discussion yesterday with Ramesh Ponnuru, senior editor at National Review, about whether or not the Fed’s loose monetary policy can be blamed for low interest rates and the stagnant economy. Who do you agree with, and are you prepared to protect your wealth if Peter is right?
“Aren’t the loose policies encouraging more of the very activity that created the problem? Aren’t we awarding people for spending, consuming, gambling? Aren’t we discouraging people from saving and investing? Aren’t we enabling the government to get larger, instead of forcing it to confront the enormity of the imbalances and shrink government spending? They don’t have to do that, because the Fed gives them an easy way out!”