I respect Schiff’s views a lot. But I do wonder what his definitions of “inflation” and “money supply” are. If his definition of “money supply” is: cash. Then I think everyone will agree with him. The Fed is eventually going to have to start printing a lot more money to pay for all the expenses.
Whatever definition of “money supply” Schiff uses, do you have any insight on what he thinks the effects will be? I still see the price of houses going down in the near/medium term. But does he see the price of food shooting up? Gold? Oil? Is that what he means by hyperinflation?
