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Recession Will Make the Inflation Problem Worse – Ep 779

The Peter Schiff Show Podcast

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The Government's Misguided Policy on Unemployment

The government is worried about rising gas prices, so what does their policy do? It creates additional demand for gas, which means the prices will be even higher. So you are going to get a lot of demand rushing into the market right before the holiday is set to expire. But during the entire period that it's in effect, demand on the margin will be higher than it otherwise might have been had the tax been left in place. And i think unemployment is going to continue to rise because real consumer spending is going to fall. A lot of people who are buying life insurance make the mistake of buying whole life. Since life insurance costs more as you get older, now's the best time to

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