Also, while Peter Schiff is no idiot, he's also not a "great Economist" by any stretch. He's more just an ardent gold-bug with standard gold-bug arguments and rhetoric.

Anyone remember when he went on a tirade about bitcon's divisibility being the same thing as supply-inflation? That's just bad math and bad thinking (note: his brother Andrew told me in person that he doesn't know what Peter's hang up there is).