 In November 2008, Schiff said he supported the reduction of government economic regulation and was concerned that the Obama administration might instead increase such regulation.Schiff says that the late-2000s financial crisis provides an opportunity to transition from borrowing and spending to saving and producing.He is critical of the US government's efforts to "ease the pain" with economic stimulus packages and bailout, as he believes that replacing "legitimate savings with a printing press" would result in asset price inflation, eventual consumer price inflation, and if left unchecked, could potentially result in hyperinflation.