Peter Schiff believes we will be seeing a lot of inflation (increased prices due to increase in the money supply) in the coming years and as a result we may see a “solution” from government called price fixing.
For example the price of milk might have a price cap of $5 a gallon. This seems good on the surface but I assure you it is not.
Consumers will now buy more milk because it is relatively cheaper than other products. Producers will not make as much money or even loose money when they sell milk so they will be discouraged to produce milk and they will focus on producing products that actually make them money.
The result of this will be a shortage of milk. Now imagine this happening with bread, eggs, produce, etc.
Let’s just hope Peter Schiff is wrong.
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