Peter Schiff Quotes

We have lost control over the financial system ... by printing much more money than in previous years.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

A paper monetary standard means there are no restraints on the printing press or on federal deficits.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

In a great financial emergency nearly every country has, at one time or another, been tempted to confuse the monetary with the fiscal functions of the Treasury. To borrow by the issue of money seems to have a seductive charm hard to resist.

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

You will never solve the American problems just by printing money.

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

Governments can inflate their way out of debt, but that has consequences, doesn't it?

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

There's no such thing as a painless cure for inflation.

Whip Inflation Now

Nothing so weakens governments as persistent inflation.

When the government runs out of lenders, it can do something that households are forbidden to do: print money.

Printing money - is it really the answer? ... If we just print a million dollars for every man, woman, and child in the country and handed it to them, won't that fix everything? Because in order to really look at printing - I like to take everything to the extreme.

We have to remember there is not a big printing press in Washington that continually prints money over and over.

Printing money is merely taxation in another form.

The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

Printing money is the last resort of desperate governments when all other policies have failed.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.