Peter Schiff Quote: The Truth About Economists in Central Banks and Government

„Soon investors will realize that the most incompetent economists in the world work for central banks. The second most incompetent economists work for government. The third most incompetent work for major universities and the forth most incompetent work for large investment banks.“

Peter SchiffPeter Schiff reveals the uninspiring truth about the competence of economists in central banks, government, and large financial institutions.
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American economist, financial commentator, author, and stockbroker.

This quote urges us to critically question whom we trust in the economy and to be open to new insights.


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Quote by Peter Schiff about incompetency of economists in central banks, government, universities, and investment banks

Peter Schiff is an American economist, financial commentator, author, and stockbroker, known for his critical views on central banks and economic policy. He is the founder and CEO of Euro Pacific Capital.

Quote by Professor Dr. Dr. Wolfgang Berger about the misconceptions in academic economicsCopyright © yoice.net – Quote Artwork
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"I acquired all my academic titles by believing in a false doctrine. A studied economist understands less about macroeconomics than a cow does about flying, because he first has to dig himself out of a swamp of preconceived opinions and errors in thinking in order to even reach the surface, or to get back to where he was before he let himself be committed to the stupification asylum." Professor Dr. Dr. Wolfgang Berger
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Quote by Markus Krall explaining the dangers of Modern Monetary Theory and money creationCopyright © yoice.net – Quote Artwork
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"There was this wonderful book called "The Hitchhiker's Guide to the Galaxy" and there's a chapter in it where there's a planet where another planet sends all of its lunatics to do no more damage at home. And on this lunatic planet, the Keynesian economists have come to power and decided that they can abolish the scarcity of goods by abolishing the scarcity of money. They then declared the leaves of trees to be money, which of course immediately led to hyperinflation. This was then countered with a forest defoliation program. And let me tell you, ladies and gentlemen, some of these "foliage faction" have made it here. They're sitting in the central banking worlds today, in the Governing Council of the ECB and at the Fed, and they're telling us with their Modern Monetary Theory that it's possible in all seriousness to overcome the scarcity of goods by abolishing the scarcity of money and being able to buy everything, anything, everything, if we just print enough money." Markus Krall
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