Schiff nails the problem with the Federal Reserve Bank, the federal government, and our myriad zombie corporations!
Peter Schiff: Capitalism Isn't The Problem Here
This reminds me of why the USSR fell. The USSR's socialist economy was taking labor, raw materials, energy, land, and production facilities and producing products so inferior they were not valued as highly as the value of the various inputs into the manufacturing process. The oligarchs in the USSR figured this out and pressure built to reform the country into a resource export economy. These pressures resulted in the fall of the USSR and the creation of a new resource extraction economy.
The Fed needs to be leashed. The markets should determine interest rates, not pointy-headed dweebs. The fundamental truth is that the term expert is an oxymoron. They are not expert.