Tuesday, February 1, 2011

Peter Schiff on CNBC Kudlow Report 1/24/11

Economist and CEO of Euro Pacific Capital Inc. and  Euro Pacific Precious Metals, LLC. Peter Schiff joins the Kudlow Report to discuss the false economic recovery and debate the reason stock and commodity prices are rising.

Schiff points out that stock and commodity prices are rising as a consequence of inflation, the expanding of the money supply. “The rising prices aren’t the inflation,” Schiff comments. “The quantitative easing is the inflation.”