Peter Schiff: The Fed Is Running Out of Minutes

• Economic data blows away expectations. 
• Wages are a price and prices are going up because of inflation. Keynesians can’t even follow their own playbook. 
• Real demand is determined by supply. 
• Don’t take free heroin just because you don’t want to waste it. 
• Fed hawks went the way of the dodo bird. 
• Fed policy is the opposite of Teddy Roosevelt’s Big Stick policy.