Isn’t Schiff preaching hyperinflation, not deflation, as this article lays out?
Hyperinflation for certain things is from based on falling dollar. Inflation in the 1970s led to a bust for US in early 1980s. From above:”The folks at Grant's estimate the federal response to the current downturn to be 12 greater than that to the Great Depression, which prolonged that recovery for a decade. However, all of this government intervention will only spawn new malinvestments and later depressions. “
The Deflating Bubble
Mises Institute ^ | 6/22/2009 | Doug French