MTI090: Peter Schiff on Government Regulation and Financial Troubles

Economist and stockbroker, Peter Schiff, wonders if we would have Jetsons-like lives if the government didn’t put so many regulations on business.

In today’s episode, we discuss inflation, regulation, and stagnation

“Who knows what extra inventions we would have come up with if we had less government. Who knows what diseases we would have cured if we didn’t have the FDA. If the government didn’t make it so expensive to develop cures, maybe we could have cured cancer by know. Who knows? We don’t know but I think we would have a much higher standard of living with less government regulation” – Peter Schiff

Our expert panel discussion topics:

Is the negative trade balance in America due to the fact that Americans don’t have so much to export to the rest of the world?

Can we continue to support Social Security in its current state?

Would less government make our lives better?

Listen to the panel as they review Peter Schiff’s positions and the role of government in our financial lives.

Where you can find more Peter Schiffness:

Peter Schiff Radio: http://www.schiffradio.com/the-peter-schiff-show-podcast
The Schiff Report on YouTube: https://www.youtube.com/user/SchiffReport
Book: The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country
Peter Schiff’s brokers: http://www.europac.com
Buy and sell gold or silver: http://schiffgold.com
Peter Schiff on Twitter: @PeterSchiff

 

Today’s Panelists

Doug Goldstein | Goldstein On Gelt
Barbara Friedberg | Barbara Friedberg Personal Finance
Miranda Marquit | Planting Money Seeds
Joe Saul-Sehy | Stacking Benjamins

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

  • Peter Schiff

    The housing bubble was caused by the Federal Reserve keeping interest rates too low, and by quasi government agencies guaranteeing mortgages. Without the government there would not have been a housing bubble or a financial crisis. If what these people are saying was true, why were they not warning about the housing bubble before it bust like I was? The reason I knew there was a housing bubble, and that a financial crises would ensue when it burst, is because I understood how government was inflating it.