Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008 […] Source: https://news.bitcoin.com/peter-schiff-phony-economy-must-die-or-us-risks-financial-ruin/