(NEWS BUSTERS) – Economist Peter Schiff slammed President Joe Biden’s inflation crisis and emphasized it’s much worse than people even realize.
Schiff warned on the March 12 edition of his radio show that while “everybody looks to the 1970s as the worst inflation ever,” in reality the “inflation that we have just experienced in the prior twelve months is higher than any twelve-month period during the entirety of the 1970s.” He also cautioned that the U.S. was possibly on the fast track to stagflation and even hyperinflation. And in Schiff’s view, “we’re just getting started.”
He also claimed that “inflation is going to cause recession” because the government will be forced to stimulate the economy, thus creating even worse inflation. Schiff said. “And what’s amazing to me is the fact that nobody is questioning any of this.”
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