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#1156 Peter Schiff On The Fed, Interest Rates, Labor Market, Gold, & Bitcoin
The Pomp Podcast
Is There a Need for 2% Inflation?
There's no reason for inflation to be 2%. A zero inflation is better than 1%. If you have falling prices, if prices are going down by a percent, there's no need to force them higher. But the Fed concocted the BS that we needed 2% inflation. We didn't. And now they've created so much inflation under the guise of targeting 2% that they have no way of even bringing it back down to 2%.
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