February 18, 2013

We Should Completely Abolish The Minimum Wage

"What we really should do is completely abolish the minimum wage, that would make a lot of sense. We didn't have a minimum wage for most of American history. It's something that started in the 20th Century. It was a bad idea and we ought to admit that it was a bad idea and get rid of it completely." - in Yahoo Finance 

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.