Peter Schiff
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No, it's the spread between what they paid and what they sold for.
Yeah, exactly.
It's the margin.
The margin.
And if prices are falling, right?
Even I know that.
Yes, that's because you didn't go and get a degree in economics at a U.S.
university.
Then you wouldn't know anything.
You would have been brainwashed.
This is what they teach.
But they actually say that?
Yes.
Businesses don't make money unless the prices keep rising?
They don't really...
But the reality is you actually make more money when prices are going down because you sell more.
You have more volume.
And they're making less money because who can pay 80 bucks for a steak?
Yes.
If you have any common sense, you can't be an economist at the Federal Reserve or for the US government.