The U.S. Has More to Lose Than Russia – Ep 787
The Peter Schiff Show Podcast
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The Effect of Quantitative Easing on Consumer Prices
As inflation pushed up asset prices, those assets were disproportionately owned by the very wealthy. So one of the effects of all this inflation was to widen the gap between the rich and the poor. Now we're finelly seeing a much more pro ounced effect of quantitative easing on consumer prices. And so what's happening right now has absolutely nothing to do with quantitative easing. Inflation is and always is, and always has been, a monetary phenomena. Even milton freedman knew that. Everybody should know that. But it's so amazing that so few people in academia or on wall street are willing to acknowledge what should be obvious: All this inflation is made in america. We're going
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