Peter Schiff

"Existing regulators had all the powers they needed, and more, and they failed miserably to foresee and prevent this crisis. Chris Dodd is now asking us to put all our eggs in one basket and trust a "super regulatory agency." He should know better than to centralize power in the hands of Washington bureaucrats - its precisely the arrangement that caused our current problems. I think most Connecticut voters know that we need fewer czars in Washington, not more. As long as Fannie and Freddie and Congress are meddling with the economy, changing the structure of the regulators is basically rearranging deck chairs on the Titanic."

"What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date."

"If anyone was questioning whether or not Peter Schiff was truly a Republican, hes certainly made it clear today. After eight years of the Bush Administrations lax regulation and market-first mentality, the last thing we need is to further reduce regulation and allow Wall Street to run the show. Chris Dodd is leading the way to put a balance back into a system that for years has been too far out of whack and ensure that consumers are protected first and foremost."

"Too many people in Connecticut are struggling right now, and the last thing we need is meddling politicians making things worse. Only by cutting deficit spending, reducing burdensome regulations, and letting people keep more of their hard-earned dollars will we get our economy back on track."

"While its refreshing to see Chris Dodd finally realize that we need to end the politicization of the Federal Reserve, his latest proposal merely repeats the mistakes that have created this crisis."

"Im interrupting my career. Its not like I want my new career in politics. But Im willing to interrupt it the same way that somebody interrupted their career and joined World War II and went off to fight the Nazis. I dont think that Im that heroic, and I dont think Im risking as much as a soldier. But its the same principle."

"[Consumer credit] is like giving yourself a blood transfusion from your left arm to your right. Nothing is accomplished, except the possibility of spilling blood on the floor. But its not even that benign."

"Paying attention to the CPI and the others is like leaving your house on a rainy day without carrying an umbrella because a government weather report told you it was sunny."

"Real economic growth emanates from increased productivity, which tends to hold prices down."

"...it is the natural tendency of market economies to lower prices that makes them so successful."

"Schiff likes to say he predicted the financial collapse, but with ludicrous theories like these, were predicting that hell never be a U.S. Senator."

"The real bubble in China is in US Treasuries, in US dollars."