Rep Barr is crazy to believe that the recently passed tax cuts will make it easier for the Fed to shrink its balance sheet without disrupting markets or the economy. In reality the larger deficits those tax cuts will produce will make an impossible trick even harder to pull off.

Rep Barr is crazy to believe that the recently passed tax cuts will make it easier for the Fed to shrink its balance sheet without disrupting markets or the economy. In reality the larger deficits those tax cuts will produce will make an impossible trick even harder to pull off.

— Peter Schiff (@PeterSchiff) February 27, 2018