The following video exhibits the extemporaneous debate between Peter Schiff and the populist analyst John Mauldin on the US dollar and deficits.
The Zero Hedge make this observation, (bold original)
Based on the coming 'oil revolution', John Mauldin makes the point that the US can run $300-400 billion deficits and the Fed "can print trillions" and the dollar will surge (since the rest of the world demands it). Peter Schiff begins quietly adding that "we don't have that much oil" then goes on to discuss the 'ifs' in Mauldin's thesis, beginning the wildcard that "we can't suppress interest rates indefinitely" as we await this supposed oil export boom to begin - and that somehow the US is expected to generate a budget surplus when even the perpetually optimistic CBO in its most recent forecast gave up on expecting a surplus in the future of America. Ever. The ensuing 3 minutes or so is worth the price of admission as Dollar bull meets Dollar bear in a nose-dripping, face-ripping trip into the future.
Note that Mr. Mauldin sees the world in the light of statistics or mathematical equations or "macro", while Mr. Schiff shreds on the contradictory logic behind them
Start at 5:25