“Schiff looked at Bureau of Labor Statistics price changes for 20 goods and services between 1970 to 1980 and again between 2002 and 2012, decades that Schiff says were both periods of large deficits and loose monetary policy. Schiff found that his basket of goods increased 61% faster than CPI for the period between 2002 and 2012. In contrast, his basket rose just 5% faster than CPI from 1970 to 1980. ‘How can you believe these statistics when the numbers are so flawed?’ Schiff asks in response to his research on CPI.”
Peter Schiff Doubles Down on Inflation Prediction
- Post author:The Freedom Watch Staff
- Post published:January 11, 2013
- Post category:Network Archives
Tags: Alternative News, Bankocracy, Big Lie, CLibertyC, constitutional liberty coalition, economic Trends, Economics, for life and liberty, investment, Land Of The Flea, Mad Statists, money, Resistance, sound money, statism, The Freedom Watch
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