“It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important.”

— Peter D. Schiff

Quotes from Crash Proof (2006)

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Peter D. Schiff 40

American entrepreneur, economist and author 1963

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“It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important.”

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Peter D. Schiff 40

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