Peter Schiff appeared on Fox Business yesterday to contend that Ben Bernanke’s easy money policies are not helping the economy, as many claim the rising stock market proves.
“People felt great as the housing bubble was inflating in 2003, 04, 05, 06 – we’re just blowing more air into the same bubble. If we had a more responsible federal reserve that wasn’t monetizing all this debt… printing money and buying treasuries and buying mortgages. If they let interest rates go to a free market price, the Dow Jones would be thousands of points lower right now.”
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