Prominent economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff cautioned that a combination of lower interest rates and a recession could lead to a surge in inflation. This, he believes, could be triggered by increased federal deficits and a weaker dollar. What Happened: On Tuesday, Schiff took toX to express his concerns about the potential consequences of a recession and lower interest rates. He stated, “The irony is that investors believe lower #inflation and a #recession will allow the #Fed to cut interest rates. However, the effect of lower interest rates and a recession will be …
