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The Debt

Peter Schiff

The price of money—also known as interest rates—is arguably the most important price in the economy, and when government fixes these rates below the market level, the markets are distorted and we end up with more borrowing and more debt than we should have. The Federal Reserve is creating an addiction to cheap money, and like any other addiction, there’s only one way to kick the habit and return to a state of fiscal sanity.

Peter Schiff is an American economist, author, and financial commentator. A licensed stock broker, Schiff is also the president of Euro Pacific Capital, headquartered in Westport, Connecticut. He appears frequently as guest on CNBC, Fox News, and Bloomberg Television, and also hosts the popular radio show and podcast, The Peter Schiff Show. His most recent book is The Real Crash.

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