Peter Schiff : deflation is what we need but Inflation is what we are going to get

Peter Schiff on Goldseek radio - Aug 28 2010

Peter Schiff : It's much better to let Fannie and Freddie go bankrupt get rid of them shut them down , there is np reason that the government should be guaranteeing mortgages people should be buying houses that they can afford they should not be buying houses because the government guaranteed the debt , we want market forces to determine housing prices and interest rates , we do not want government bureaucrats to try to guess where housing prices should be or what interest rates should be , because they are gonna guess wrong and they are going to do a lot of damage to the economy ...
The government plan to stimulate the economy is to stimulate it with Inflation
.. deflation is what we need but Inflation is what we are going to get ...etc....