Peter Schiff appeared on Al Jazeera’s Inside Story last week to comment on the high bonuses offered by banks that received bailout money.
“If we remove the moral hazard, if the central banks make it clear that they’re not going to bail out anybody, and if they stop force-feeding cheap money into the economy, which makes it so attractive for financial institutions to speculate, all these problems will be solved on their own. Government doesn’t have to get involved. Government is the source of all these problems, it’s not going to solve them.”
Peter’s Appearance Begins at 6:19