Peter Schiff on The Black Monday : It is All The FED's Fault

Black Monday: Is it China’s fault or US Fed’s mismanagement?






 Economists Peter Schiff of Euro Pacific Capital Inc. and Mark Weisbrot from the Center for Economic and Policy Research tackle the recent chaos on Wall Street and what was behind the tumble in stocks. Schiff says that the Federal Reserve is having the biggest impact on the economy and is covering up a real recession, while Weisbrot believes that the US government’s stimulus actions were a small start but not enough.




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