Peter Schiff: Biden Lies Again On Inflation | ZeroHedge

Via SchiffGold.com,

This week on the Peter Schiff Show, Peter covers a week of dismal economic reports. Both jobless claims and consumer sentiment came in worse than expected last week, with both figures missing predictions by a wide margin. Peter also discusses public statements made by both Joe Biden and Donald Trump on the nature and origin of inflation.

The Fed faces a difficult choice. Does it prioritize fighting inflation or keep rates low for consumers?

In a recent interview, President Biden took to blaming private companies for inflation. Peter explains how absurd this explanation is:

Peter rebuts Biden further. If anything, corporations initially took losses in the hopes that inflation was temporary:

He also gives his thoughts on a recently viral clip of Jared Bernstein, chairman of the Council of Economic Advisors, bumbling through an explanation of government debt. Such a council is completely unnecessary and arguably harmful to the economy:

Biden and Bernstein are clueless when it comes to monetary policy, but Trump isn’t perfect either:

There aren’t any major politicians who take inflation and government debt seriously enough:

For more of Peter’s commentary, check out a recent debate he had with Steve Hanke on inflation and de-dollarization.

Leave a Reply