Little surprise, Peter Schiff isn't backing down.
Even though dire predictions of hyperinflation have yet to materialize, the outspoken CEO and chief global strategist of Euro Pacific Precious Metals still claims recent action by the Fed will have consequences—and they won't be pretty
As The Daily Ticker notes, the Consumer Price Index most recently showed a 1.8% increase, a number that "monetary doves lean on as evidence that there is no inflation and that central banks should not be constrained in their money-printing ways."
The New York Times columnist and economist Paul Krugman recently tweaked Schiff for his inflation predictions, saying inflation hawks like Schiff need to rethink their approaches to modeling the economy.
Schiff, for his part, is attacking the numbers, calling the CPI "meaningless."
