Peter Schiff

If you look at all the areas where the government is involved in a big way, which would be housing, healthcare, education, that's where prices have gone up the most, right?

It's because the government gets involved and subsidizes it.

Before the government got involved in education, college was not expensive, right?

If you were upper middle class in the 1940s, 1950s,

you could afford to send your kids to Ivy League schools.

It wasn't that big a deal, right?

If you were poor, like my father grew up poor, right?

He wasn't dirt poor, but he thought he was like upper, lower, lower middle.

But my father...

Father, you know, he had eight kids and, you know, his mother didn't have a job, right?

So even though my grandfather worked as a carpenter, he had a wife who didn't have a job and he was able to support eight kids.

And they had a house, they had like a beach house, they had a car.

I mean, you know, they lived okay for, you know,

what he would consider upper, lower class.

But they weren't back then.

Right.

Even having eight kids, either you're Amish or you're rich.

Yeah, nobody could afford eight.

I mean, you got to be rich to afford eight kids today.

And of course, you could because your wife would have a job.