Savings And Capital Increase Productivity And Wage Rates.

Peter Schiff makes a great and under-appreciated statement: capital is what leads to productivity which leads to higher wage rates.

So in a brief moment Peter Schiff gives the listener a knowledge base to understand why America is becoming a third-world economy and how to reverse that trend.

Anything and everything that hurts savings and anything and everything that disables the ability of businesses to find and use capital is destructive to the economy. For example, the State and all its ego-driven interventionists and all their regulations and also the counterfeiting by the central bank, to name a few.

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