Peter Schiff Quotes


When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.


Citations

Schiff, Peter. The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country. St. Martin's Press, 2012.

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Peter Schiff
Peter Schiff
  • Born: March 23, 1963
  • Nationality: American
  • Profession: Stock Broker, Financial Commentator, Radio Personality, Author

Peter David Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. He is also involved in various roles in other financial services companies, including Euro Pacific Asset Management, an independent investment advisor, Schiff Gold (formerly Euro Pacific Precious Metals), a precious metals dealer, and Euro Pacific Bank, a full-reserve bank.