January 28, 2014

Austerity & Deflation

"While economists such as Paul Krugman have been at the forefront of the chorus that says austerity doesn’t work, these measures have not stopped these countries from improving their fiscal positions while setting a sustainable course. Although unemployment remains high in Greece and Spain, the falling unemployment rate in Ireland shows that restored faith in government responsibility leads to investment. Krugman and his brethren are similarly wrong when it comes to the devastating effects that are supposedly delivered by deflation." - in Value Walk

You can keep reading Peter Schiff`s market updates and commentary on this new website: Schiff On The Markets (click on the link or on the image below to access the new site)

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. Visit the new website Schiff On The Markets for exclusive content.
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