Bitcoin critic Peter Schiff recently expressed his concern over the current high inflation rates in the United States, stating that the inflationary pressures now being witnessed can be linked to policies implemented prior to Biden’s presidency.
Schiff noted that the policy gap between money creation and price acceleration suggests that the worse is still to come as the effects of Biden’s policies are only set to be felt in the coming months.
Bitcoin Critic Peter Schiff Criticizes Bipartisan Inflation Causes
Schiff, a Bitcoin skeptic and a well-known economist, claims that a good portion of today’s inflation can be attributed to the money that was printed to cover the deficits during the Trump presidency.
The problem with @larry_kudlow, who correctly blames #inflation on deficit spending monetized by the #Fed, is that he puts all of the blame on #Biden and none on #Trump. Kudlow was part of the Trump administration and never warned about inflation. Hypocrisy destroys credibilit
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