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Fed vs. ECB: Debating the Impact of Central Banking (VIDEO)


Peter Schiff and Peter Atwater discuss economic policy and central bank actions at this year's Festivus.

At Minyanville's Festivus, benefiting the Ruby Peck Foundation for Children's Education, Peter Schiff and Minyanville's Peter Atwater sat down with Yahoo Breakout's Jeff Macke to discuss the Fed, the European Central Bank, and their policies. Atwater feels that the ECB is the ECB is "hamstrung by the divisiveness within the organization itself," much like the US Fed. Schiff responds that, "The fact that the ECB can refrain from monetizing all this debt... is a good thing."

Watch the full video below (Run Time - 7:31):

(Also see Yahoo's Breakout Gets Into Holiday Spirit at Festivus and Is Europe Moving Toward the Abyss?)

Twitter: @Minyanville

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