Peter Schiff blasts Biden admin over inflation, accuses them of using “classic propaganda” to justify it

Saturday, Peter Schiff tweeted “The #Biden administration has declared shortages and rising prices to be “high class problems,” that result from the strength of our economy. If the economy really were strong we’d have abundance and lower prices.”

“Blaming prosperity for causing #inflation is classic propaganda,” he added.

After Jake Tapper confronted Jen Psaki with the reality that “Inflation is skyrocketing,” Psaki defended rising prices by saying “more people have jobs, more people are buying goods, that’s increasing the demand….that’s a good thing.”