A prominent economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff criticized the Federal Reserve’s role in inflation and advocated a return to the gold standard. His comments came amid calls for rate cuts by Nobel laureate Paul Krugman. What Happened: Schiff took to X to express his views on the current inflation situation and the role of the Federal Reserve. He suggested that the solution lies in eliminating the Fed and returning to the gold standard. “#Powell warned Congress that eliminating the #Fed risked high future #inflation. But inflation was much higher after the Fed was estab…
