"It's all the Federal Reserve and the U.S. government. It's Congress, it's the Biden administration that has been spending money that it was not collecting in taxes. We were running record budget deficits, and the Federal Reserve was monetizing those deficits," he says.
take the politics and take the policy out. the president wins again defending the deal. he is calling it crucial to america s future. as we meet here there is an important debate, i think most of you are aware of on capitol hill that will determine in part whether our economy moves forward or backward. jenna: those are the stakes. peter schiff is president of europacific capital. he is author of how an economy gross and why it crashes . peter, do you agree or disagree with the president. i never agree with the president. jenna: come on, every once in a while? he says if this compromise doesn t go through the economy will move backwards. it will move backwards whether it goes through or not. we re not getting to the root cause of our problem, too much government. too much government regulation. too much government subsidies. and federal reserve keeping interest rates too low and bailing everybody out and printing too much money. it is not even true, they re talking about tax cuts