Peter Schiff

So the entire system doesn't work, but it's all because government got involved.

When government tries to make things more affordable, it makes them more expensive.

The only way to make things cheaper is to let the free market do it.

The free market is great at lowering costs and increasing quality.

No, we don't have it anymore.

And it's very unfortunate because a lot of people look at Trump and they say, well, he is a pro-business president.

And he is pro-business, but he's not pro-capitalism, pro-free markets.

Donald Trump wants to micromanage the economy from the White House, like he's the CEO.

He wants to decide where he thinks capital should go and direct it into industries that he likes or companies that he likes.

And that's wrong.

I mean, one of the big...

industries that he's promoting is crypto.

And for me, I think this is a complete waste of capital.

Now, yeah, I mean, if Americans want to throw their money away in a lot of these crypto companies, all right.

I mean, it's unfortunate.

But if the government is now promoting it and pushing money into this industry that might have gone someplace else if it was a free market, this is doing a lot of harm.

Why is it throwing?

Well, because where did they make it?

They didn't make money in crypto because they, you know, produced products that we consume or provide services that improve our lives.

The people who've made money in crypto, and I know a lot of them, they've made money in crypto because the crypto that they bought a long time ago went way up.