Peter Schiff
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Why?
I mean, why does the cost of living have to go up?
Why can't it go down or at least remain the same?
And what is the answer to that?
What's their rationale for that?
Well, they have a bunch of BS explanations, and it's all to justify the fact that the government wants inflation.
It's not that it's good for us.
The government needs it.
It's the way the government raises revenue and repudiates its debts.
But they have a couple of things that they say.
One of the things they say is, well, if prices...
were going down, nobody would buy anything, right?
People would just be constantly waiting for lower prices.
And so nobody would buy.
And that's the number one reason they say that prices have to go up.
Supposedly, supposedly.
But of course,
We all have cell phones.
If that were the case, nobody would ever buy a cell phone or a television set or a computer.
Prices go down.