Peter Schiff(@PeterSchiff):Under capitalism, when private employers create jobs, workers' paychecks have value because there are plenty of goods and services to buy. But under socialism, when government creates jobs, paychecks are of little value, as there are very few goods or services available to buy.

Peter Schiff

@PeterSchiff

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Peter Schiff@PeterSchiff

2026.10.20 00:06

Under capitalism, when private employers create jobs, workers' paychecks have value because there are plenty of goods and services to buy. But under socialism, when government creates jobs, paychecks are of little value, as there are very few goods or services available to buy.