Market Seer Peter Schiff on the U.S. Becoming an "Economic Wasteland"

Peter Schiff, president of the brokerage firm Euro Pacific Capital, has become famous as the man who accurately predicted the housing and financial collapses of 2008. Now he wants to become famous for being the Ron Paul-type outsider (complete with moneybombs!) who unseats longtime Connecticut Sen. Christopher Dodd.

Schiff, co-author of the forthcoming Crash Proof 2.0: How to Profit From the Economic Collapse, is among the most prominent adherents to the Austrian School of economics, and its emphases on sound money and limited government. In this Reason.tv interview with Reason Editor in Chief Matt Welch, shot at FreedomFest in Las Vegas just days after Schiff announced the formation of his exploratory committee, the potential politician warns that the U.S. is headed toward Zimbabwe-like hyperinflation unless Washington changes course.

Approximately 5 minutes. Shot and edited by Dan Hayes.