Euro-Pacific Capital President Peter Schiff that the U.S. could see double-digit inflation within the next two to three years, and potential Zimbabwe style hyperinflation within the next five to 10 years, “depending on how the government reacts to high inflation.”
In the period from October 2008 through May 2009 the Federal Reserve doubled the monetary base, in part to help increase money supply to provide for all of the new government programs, including TARP, TALF, and the Obama and Bush stimulus packages.
According to Schiff, government stimulus is the problem, not the solution. (more)
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