Inflation vs. Deflation: Peter Schiff and Gary Shilling Discuss, Debate and Argue

Inflation vs. Deflation: Peter Schiff and Gary Shilling Discuss, Debate and Argue

Category:

News & Politics

Tags:

• Austrian
• Economics

[capitalist4life]

Anyone catch what it says at 2:16? "Schiff: U.S. Govt. Needs to Monetize the Debt"

Who wrote that? What were they smoking?

[worldgoingtozero]

Yields can't go to zero Gary, well they are in real terms. Gary never talks about real rates of return

[bammbamm12]

Shilling also makes the inane remark that since his book is doing well, he must be right, or he doesn't need to alter his position. C'mon!

[DJAnthonyillWill]

@bammbamm12 I feel the same way. Although I seem to only get my news from Peter Schiff, Ron Paul, and Judge Napolitano, I still feel that Peter's opponents are bat shit. Peter seems to have the most common sense approach to basic economic principles and for novices of economics, he seems to use great examples so the average person can follow what it is he is trying to say.

[SamuelMoralesJr]

@SamuelMoralesJr Schilling makes the point that inflation "isn't" winning. That's it, doesn't mean there is no inflation. Home relief program isn't inflation by the Fed? Come on. Inflation isn't just the universal rise in prices, it can direct itself in certain parts like stocks, or like the housing bubble which was inflation. The economy has to delever from the bad investments, which could be called disinflation, not a deflationary spiral necessarily.

[SamuelMoralesJr]

Gary Shilling doesn't think that deflation of money supply is no reason for a falling dollar? Truth is deflation, and inflation diminish a currency. Inflation, Zimbabwe style is just a last desperate attempt to keep the illusion of wealth alive. Zimbabwe had a shortage of liquidity before massive money printing. Also Schilling doesn't seem to think that inflation is bad especially done by a third party like the Fed. There is inflation, Schilling makes the point is inflation winning, that's it.

[88888FORCE]

FOREX-Dollar presses higher on yield gain, euro sags

Dec-07-2010--The dollar climbed on Wednesday, having already powered up across the board the day before on the back of a spike in US bond yields,

while the euro slipped towards some significant support levels. after proposed extension in U.S. tax cuts, which fuelled concerns about inflation

1-858-366-4777

1-800-270-2928

[nomoreserfs]

Let me see, Mr. Shilling says that the Fed does not print money, it creates "reserves". I'd like to know what those "reserves" are and what they are denominated in? The Federal Resrve is not federal and has no reserves by the way. Last time I checked, my dollaer bill says FEDERAL RESERVE NOTE on it. It does not say UNITED STATES NOTE. So, didn't the Fed have to pay the US Treasury for the ink and paper to issue that note that came out of thin air of which we the tax payer pay interest on?

[bammbamm12]

I like to hear others debate Peter Schiff, but I can never ever understand his opponents' arguments. There are so many tacit assumptions in their forecasts, that I can't follow the reasoning process.

[EMPIRE0FLIES]

Were paying off our credit cards? Like were paying off our mortgages.