Of course higher interest rates will eventually cripple the U.S. economy, which has relied on extremely low rates for years. Together with rising consumer prices, this will be a one-two combination punch that will knock the economy flat on its back.

Of course higher interest rates will eventually cripple the U.S. economy, which has relied on extremely low rates for years. Together with rising consumer prices, this will be a one-two combination punch that will knock the economy flat on its back.

— Peter Schiff (@PeterSchiff) January 19, 2018