Peter Schiff: We need to unleash capitalism again

President of Euro Pacific Capital and author of "Crash Proof 2.0" spoke with Ameriborn News this week about his stance on the current economic policies and what needs to be done to bring the economy back to normal in the United States.

The author of “The Little Book of Bull Moves in a Bear Market” and Republican Senatorial candidate for the state of Connecticut, Peter Schiff, has been a voice of caution throughout most of the decade by warning Americans about the dangers of the Federal Reserve System, which he believes is the primary culprit in the current financial downturn in the United States. The President of Euro Pacific Capital and economic advisor to the Ron Paul Presidential campaign has also been a strong supporter of true free market economics and sound monetary policies. On Tuesday, Schiff spoke with Ameriborn News about what really needs to be done in the economy to help bring stability back to the American people. William Lander asked Schiff if big business or small business is the answer to bring the country’s financial picture to where it should be. Schiff responded, “Well, we need to shrink government. We need to get rid of the politicians that taxed, spent, regulated and printed us into this crisis.” He added that if the Republicans can take back Congress and reinstitute constitutional government then the government can shrink. However, the only way to shrink government is to lower taxes, stop spending and repealing regulations and this would lead to the "unleashing of capitalism again." Schiff went onto state that the US is in a hole and the only way to get out of the current predicament is “real change,” which can happen, says Schiff, if free market principles are introduced such as limited government, individual liberty, low taxes and sound money but “the first step is to change Congress because until we get rid of those crooked politicians we don’t have a chance.”