"The
bubbles are pretty much everywhere," says investment guru and radio host Peter
Schiff, CEO of Euro Pacific Capital. "They are in the stock market, they are in
the bond market, they are in the real estate market, they are in the U.S.
dollar."
Schiff sat down with Reason's Matt Welch while at FreedomFest
2015 to discuss the dollar, his support of Rand Paul, and his argument that we
are already living in another stock bubble.
"The mainstream—the
investors, the government, central banks—they never see a crisis until after the
fact. And then they go back and they say, 'Well nobody could have possibly
predicted this. This was a complete random occurrence that had nothing to do
with our policy,'" says Schiff. "They never understood the cause of the bubble
that burst in '08. They didn't understand the Fed's role in creating it, so they
don't understand that the Fed is simply exacerbating all the problems that
everybody believes they solved."
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