Peter Schiff Quotes

The value of a dollar is social, as it is created by society.

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve.

Prosperity cannot be restored by raids upon the public Treasury.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

The job of the Central Bank is to worry.

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.

Only a strong economy can create higher asset values and sustainably good returns for savers.

Interest rates are used to achieve overall economic stability.

Sound money is the sine qua non of a prosperous society.

Inflation is everywhere and anywhere a monetary phenomenon.

Gold and silver afford the only safe foundation for a monetary system.

Labour is the father and active principle of wealth, as lands are the mother.

The single biggest unexplained reason for long term lower growth is that the financial system has stopped serving the real economy and now serves mainly itself.

Requiring the Fed to focus on preserving the purchasing power of the dollar will create a solid foundation for economic growth.

Our wise men flattered us into the adoption of the banking system under the idea that boundless wealth would result from the adoption.

Money is not something you just print. It must be backed by something, either good economy or gold.

In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.

We want a money that some government mandarin can't just whisk into existence with a pen stroke.

You can't spend your way to prosperity.

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.

I hope that more Canadians will become interested in in how the inflation rate target affects our purchasing power, our standard of living and therefore our life.

It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.

Printing money is merely taxation in another form.

True prosperity can only come from a healthy economy and sound money. That can only be achieved in a free society.