Peter Schiff Uses AOC's Call For Better US Sunscreen To Drive Home A Point — 'Government Drives Costs Up And Quality Down'

On Sunday, Peter Schiff, Chief Economist & Global Strategist at Euro Pacific Capital, commented on the quality and cost implications of government interventions, using sunscreen as an example. He also extended an invitation to Rep. Alexandria Ocasio-Cortez (D-N.Y.) to listen to his podcast for insights.

What Happened: Schiff’s tweet stated, “Government drives costs up and quality down. Sunscreen is just one example. There’s a great lesson for AOC to learn here. The road to hell, or in this case skin cancer, is paved with good intentions. There may be hope for her yet. She just needs to start listening to my podcast.”

This tweet was in response to AOC’s comment on US sunscreens lagging behind global standards, emphasizing that regulations aren’t necessarily making sunscreens better or safer.

See Also: AOC Joins Picket Lines With Striking Actors, Writers; Says This Is A Fight Against AI And Wall Street

Why It Matters: Schiff’s comments often revolve around the implications of government interventions and regulations on the economy.

He believes that free market regulation and personal responsibility are paramount. His criticisms come at a time when discussions about inflation, government spending, and corporate regulations are at the forefront of economic debates. Schiff’s perspectives offer a counter-narrative to popular opinions, emphasizing the importance of free-market principles.

In previous instances, Schiff has pointed out the hidden inflationary effects, using Disney World’s wristbands as an example. He highlighted that many price increases don’t reflect in the Consumer Price Index (CPI).

He also criticized the U.S. Justice Department’s antitrust lawsuit against Google, emphasizing that antitrust laws lead to higher consumer prices and affect productivity.

Photo Courtesy: Shutterstock.com

Read Next: AOC Says DeSantis Can’t Out-Trump Trump; Made Some Very Large Critical Errors


Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsEconomicsMediaGeneralAlexandria Ocasio CortezAOCPeter SchiffSunscreen
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!