PETER SCHIFF

PETER SCHIFF
Showing posts with label Zero Percent Interest Rates. Show all posts
Showing posts with label Zero Percent Interest Rates. Show all posts

Wednesday, August 10, 2011

Peter Schiff on Zero Percent Interest Rates

Fox Business News with Lou Dobbs - Peter Schiff : unfortunately rather than learning from its past experiences the FED is repeating them , they got to keep interest rates at zero and the biggest problem facing the US economy is that rates are too low , low interest rates or zero interest rates is causing severe structural imbalances in our economy , resources land labor and capital are mis-allocated , the market needs to allocate them where they need to be , but the FED won't let that happen because the reallocation is going to be a painful process and the politicians have no stomach for the faint pain , so rather than letting the economy checking the rehab they shooting up with more drugs and we are going to overdose ....




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