So, what's wrong with stimulus, money printing, trade deficits, and the minimum wage? Peter Schiff appeared on Meet Kevin to tackle these questions and more.
If price declines are normal, why not run the printing presses and hand out those stimulus checks? Simply put, it stops prices from falling and that represents a tax.
Now people are denied the benefit of those lower prices."
Peter pointed out that if something becomes less expensive, it frees up purchasing power. You can buy more things – or save for the future.
That's going to result in economic growth in other areas, employment in other areas. So, we miss out on all that if the government inflates away those gains."