Economist Warns: The Government's 'Phony Cures' Will Lead to 'The Real Crash

During an interview with Henry Blodget, Business Insider's editor-in-chief, noted financial commentator Peter Schiff had some dark news for those who think the U.S. economy is recovering: the real crash is yet to come.

The crash of 2009, according to Schiff, was just a precursor for what’s coming next.

So what does he think will cause the “real” crash? The "government's phony cure" for the lousy economy, Schiff argues in his book The Real Crash: How To Save Yourself And Your Country.

Watch the Business Insider interview:

Front page photo source: TPM