Yesterday, Yahoo! Finance asked Peter Schiff who he would choose as the next Federal Reserve Chairman. Unsurprisingly, Peter does not believe any of the candidates have the integrity to do the right thing with the economy.
“The mandate [the Fed] needs to keep under control is sound currency, to preserve the value of our money… If it follows that mandate, then we’ll have prosperity, we’ll have lots of job creation, lots of economic growth. It’s when they try to fine tune the economy by playing around with interest rates and money supply that we have big problems in the economy.”
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