“Trade deficits are OK under certain circumstance. 1. An emerging natio...” — Peter Schiff Quote

“Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.”

“The American middle class used to be envy of the world. It was a byproduct of economic freedom. We had a very dynamic free-market economy and limited government. People were out there pursuing their own self-interest and creating employment opportunities.”

“The longer I go on, the more I am aware of the power of finance.”

“There's no question: the finance market is moving into the cloud.”

“My dad's a professor of medicine; my mum was a nurse. My little sister is going into healthcare. My older sister is a nurse; my brother's in finance - I'm the runt of the litter.”