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Recent Posts

Peter Schiff Says Deflation Is Great (& Doesn’t Understand Difference With Price Compression)

Peter Schiff once again demonstrates his economic illiteracy by comparing cell phone & laptop prices with staple prices. Prices of cell phones and laptops are not dropping due to deflation, they are dropping due to price compression mainly from technological advances. Why does this primitive ape think the US government introduced the concepts of ‘hedonics’, quality and substitute bias into inflation calculations – no, it’s not to fudge inflation data – it’s to properly balance out apples to orange calculations across different product categories. Despite Japan’s lost 2 decades as an example, this nincompoop still maintains that deflation is great for economies. www.businessweek.com www.nytimes.com www.nytimes.com [...]

Economic Illiterate Peter Schiff Says More Deflation Would Be Healthy For Japan

Our boy says Japan should never have embarked on any QE and just let the country experience ‘healthy’ deflation. Fact is, Japan’s QE was way too little and much too late. As for ‘healthy’ deflation, what part of the deflationary spiral Japan has experienced over the past two decades is he characterizing as [...]

Economic Illiterate Peter Schiff’s Senseless ‘Deflation Is Good’ Argument Debunked

Right off the bat, Schiff once again displays his enormous ignorance in stating that the prices of electronic goods such as computers, TVs, mobile phones etc. drop every year but sales are not adversely affected. Well, Peter – for your information – the price decreases are mainly due to technological advancements and production efficiency improvements. [...]