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There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
— Peter Schiff
Tags: inflation, only, rise, fall

Other Quotes by "Peter Schiff"

You don't help the economy by spending money.
— Peter Schiff
Tags: economy, help, money, you
One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.
— Peter Schiff
Tags: gold, look, day, people
When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.
— Peter Schiff
Tags: doing, lose, value, power
People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.
— Peter Schiff
Tags: power, people, money, you
Wall Street is in trouble because Main Street is broke.
— Peter Schiff
Tags: broke, because, trouble, street
View More by "Peter Schiff"
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