Economics @ ITT

It’ll Get Worse For Average Americans

Posted in economics by ittecon on July 19, 2012

Comparing the economy to a drug addict, Peter Schiff, noted economist and CEO of Euro Pacific Capital, said in a recent interview that all of the money the government is printing to boost the economy is “like you are trying to keep a drug addict high. And every time the drug wears off, if you want him to stay high, you have to give him more. But he’s not going to get healthy if you keep him on drugs.”

via Economist: It’ll Get Worse For Average Americans.

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