Exclusive: Peter Schiff says the Fed 'never should have stopped hiking'

The Fed’s inflation fight was fake. True tightening requires a contraction of credit, which never happened. To actually rein in inflation, interest rates need to hit 8% or 10%. While this would be catastrophic for the budget and wreck the economy, it is the only way to stop the Fed from insulating politicians from the consequences of their reckless spending. We must allow the wreckage to force Congress to cut the deficit. Is an economic collapse a price worth paying for fiscal discipline?
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