"I think the workers benefited dramatically from the transition from an agrarian economy to an industrial economy. We eliminated women labor in the country, child labor, because of capitalism. You know the reason – you know, my grandmother didn't have to work because my grandfather didn't have to pay any taxes. She was free to take care of eight kids, because that's what she wanted to do. But today, very few women have the choice to be stay-at-home moms. They are now back in the workforce. Capitalism lifted them out of the workforce but big government bureaucracy, high taxes and the social welfare state – that's the reason now that so few women, and men for that matter, can choose not to work. They have to work to support the government."
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.