Economist Peter Schiff is criticizing the Trump administration’s latest proposal for the federal government to give newborns in the U.S. $1,000 to invest in the stock market.
What Happened: On Monday, Schiff called out the proposal on X, arguing that it is “unconstitutional” and “a bad idea,” saying that “rather than taking on more debt that those babies will grow up to repay, it’s better to reduce deficit spending now, so they don’t have to pay for it later.”
In a series of follow-up posts in response to replies on his original post, Schiff refers …