Peter Schiff: Money supply is key driver of inflation

Peter Schiff: Money supply is key driver of inflation
Money supply central to inflation risk

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, argues that money supply is the central factor in inflation.

He states that it is the expansion of the money supply, used to fund government deficit spending, that causes prices to rise.

Schiff recently noted the 30-year Treasury yield rose above 5.3 percent as U.S. national debt climbed past $39.9 trillion in previous commentary. He has also highlighted investor activity in gold markets, citing NEM’s record high despite gold trading below its peak in recent remarks. These points add context to Schiff’s longstanding focus on fiscal policy and inflation drivers.

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