Peter Schiff’s Analogy

Another good analogy by Peter Schiff at 3:55 minutes offset in the following video. He says that we (the Federal reserve) has created too much paper money in the last few months. We haven’t seem to have too much inflation yet in the USA. But that doesn’t mean that we don’t have to worry about it. Money supply is out of control. Its like smoking a cigarette and saying that I don’t have to worry about smoking since I don’t have a lung cancer.