Peter Schiff Quotes

Quotes about:

• Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

  Peter Schiff

  Government, Printing Money, Citizens

  "Peering into the Abyss" by Peter Schiff, www.lewrockwell.com. March 29, 2009.

  32 Copy quote

• The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.

  Peter Schiff

  Real, People, Trying

  53 Copy quote

• The government can't create jobs; they'll destroy jobs trying to do it. The government doesn't have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.

  Peter Schiff

  Jobs, Government, Trying

  "Jobs Are Disappearing Fast: Is There Any Relief in Sight?; U.S. Automakers Looking for $34 Billion on Capitol Hill; How to Keep Your Jobs and How to Get a Job". "Your Money", edition.cnn.com. December 6, 2008.

  28 Copy quote

• When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.

  Peter Schiff

  Running, Mistake, Government

  YouTube Channel "Talks at Google"/"Peter Schiff: 'Crash Proof'", www.youtube.com. May 06, 2009.

  21 Copy quote

• It is production that creates purchasing power, not the printing press!

  Peter Schiff

  Printing, Purchasing Power, Productions

  "The Fault Lines Emerge". www.321gold.com. March 28, 2009.

  15 Copy quote

• The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it.

  Peter Schiff

  Clock Is Ticking, America, Dollars

  16 Copy quote

• Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

  Peter Schiff

  Thinking, Printing Money, Circles

  "A Little Understanding Goes a Long Way" by Peter Schiff, www.businessinsider.com. March 7, 2011.

  19 Copy quote

• Greed is normally balanced by fear.

  Peter Schiff

  Greed, Balanced

  11 Copy quote

• Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.

  Peter Schiff

  Government, Numbers, House

  7 Copy quote

• Keynesians are to economics what witch doctors are to medicine.

  Peter Schiff

  Doctors, Medicine, Politics

  16 Copy quote

• At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

  Peter Schiff

  Printing Money, Giving, Dollars

  18 Copy quote

• The only way to buy more is to produce more.

  Peter Schiff

  Way, Produce

  "The Fault Lines Emerge". www.321gold.com. March 28, 2009.

  7 Copy quote

• It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.

  Peter Schiff

  Banking, Management, Wealth

  Peter D. Schiff (2011). “Crash Proof 2.0: How to Profit From the Economic Collapse”, p.133, John Wiley & Sons

  7 Copy quote

• The strength in gold is revealing the general weakness in the dollar.

  Peter Schiff

  Gold, Weakness, Dollars

  17 Copy quote

• There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.

  Peter Schiff

  Running, Mistake, Cutting

  Authors@Google Event, 2009.

  11 Copy quote

• People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.

  Peter Schiff

  Government, Should Have, People

  6 Copy quote

• Printing money is merely taxation in another form.

  Peter Schiff

  Printing Money, Taxation, Printing

  "The Fault Lines Emerge". www.321gold.com. March 28, 2009.

  9 Copy quote

• You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.

  Peter Schiff

  Economy, Consumers, Consuming

  6 Copy quote

• Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are creating. When they are debasing money, or printing money, they are spending it and they want it to have as much value as possible when they originally spend it. Of course once they spend it, it will lose value for them and everyone else that holds it. But they need demand for their currency. They need as many people as possible holding it and transacting it. The more people that use gold, the harder it makes it.

  Peter Schiff

  People, Gold, Printing

  7 Copy quote

• You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries. All of this has to change. There's a tremendous moral hazard involved with this system.

  Peter Schiff

  Country, Mean, People

  7 Copy quote

• The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

  Peter Schiff

  Real, Government, Stories

  13 Copy quote

• Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

  Peter Schiff

  Jobs, Law, Needs

  14 Copy quote

• Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.

  Peter Schiff

  Commodity Prices, Weight, Dollars

  7 Copy quote

• Contrary to the rhetoric emanating from the American left, the 'rich' are currently paying a lot more than 'their fair share.' It is only a handful of mega-rich, those whose entire incomes are derived from dividends and capital gains, rather than salaries or business profits, who have the ability to pay lower tax rates than some members of the middle class. The left knows this but continues to build their 'freeloading millionaire' straw man because it makes good politics.

  Peter Schiff

  Men, Class, Salary

  "There's A Hidden 9 In Herman Cain's 9-9-9 Plan". www.businessinsider.com. October 18, 2011.

  10 Copy quote

• The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

  Peter Schiff

  Country, Unique, Play

  7 Copy quote

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