“You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government.”
“Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries.”
“All of this has to change. There’s a tremendous moral hazard involved with this system.”
- Peter Schiff in Business Insider
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of The Real Crash.
Source: There’s A Tremendous Moral Hazard Involved With This System
Peter Schiff – Our System Has Too Much Moral Hazard http://t.co/PqOAdnK0
RT @peterschiffblog: Peter Schiff – Our System Has Too Much Moral Hazard http://t.co/PqOAdnK0