Home News Peter Schiff warns massive Biden spending may lead to “economic bust” says “America has gone from the leader of the free world to the leader in making the world less free!”

Peter Schiff warns massive Biden spending may lead to “economic bust” says “America has gone from the leader of the free world to the leader in making the world less free!”

by Paul Goldberg
Peter Schiff warns massive Biden spending may lead to "economic bust" says "America has gone from the leader of the free world to the leader in making the world less free!"


Monday, Europac founder Peter Schiff blasted President Biden.

“The @Biden administration wants to pressure the rest of the world into raising taxes so that higher U.S. tax rates won’t be as globally uncompetitive. Hopefully other nations resist,” Schiff wrote.

“America has gone from the leader of the free world to the leader in making the world less free!” he added.

Schiff wrote Wednesday “A big increase in government spending will not create an economic boom just like similar increases in government spending in the former Soviet Union failed to create a boom. When government spends more private industry invests less to pay for it. This results is an economic bust.”

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