Peter's Blog

Emergent Order and Infrastructure

Throughout history, most cities emerged. They were not centrally planned with a specific end state in mind, but rather flexibly adjusted to the needs of the time. Things like main streets and civic centers were often government supported, but they were merely a layer on top of a structure that had worked for hundreds or […]

The Cult of the Colossal and Industrial Strength

Wilhelm Röpke warned us 80 years ago about a threat that would only grow after his death. He saw that Nietzsche and other philosophers of the 19th century almost worshiped size. They believed that scale was a good in itself and they pedestalized it. Whether glorifying powerful states or leaning into the depersonalized aesthetic, the […]

Myopic Regulators Hurt the Poor

To help simplify this analysis, imagine that there are only two components of a good life: agency and material goods. Agency is the ability to make choices and have those choices be capable of enabling real change at least in a person’s immediate circumstances. While an individual doesn’t need agency in every part of life, […]

Schiff on WTFinance: The Fed Is Trapped and Gold Is Winning

Last week, Peter joined the What The Finance podcast to break down the deteriorating state of the housing market, the credibility problems plaguing the Federal Reserve, and the growing parallels between today’s economy and the stagflation of the 1970s. He also explains why gold, not Bitcoin, has emerged as the real beneficiary of the dollar’s […]

Irrational Allocation and Gold

Americans own far less gold than they should. Less than .5% of American consumer portfolios are gold. Although gold provides countercyclical safety to the market and has grown consistently in relation to the dollar and performed not dramatically differently from the S&P over the last 25 years, Americans still only allocate a tiny portion of […]

Fed Governor Cook Admits AI Boom Is Fueling Inflation, Says Rate Hikes Cannot Fix It

Federal Reserve Governor Lisa Cook delivered a speech titled “An Update on AI and the Economy” on September 28th at the Oakland Tech Week Opening Keynote, cohosted by the Kapor Center in Oakland, California. Cook discusses why she voted with the rest of the Federal Open Market Committee (FOMC) to raise interest rates by 25 […]

Peter Schiff: Wishful Thinking Won’t Save This Market

In Sunday’s episode of the Peter Schiff Show, Peter tackles the disconnect between Wall Street optimism and economic reality. He walks through the dangerous complacency around rising bond yields, warns of a historic breakdown in market breadth, and reiterates his long-standing case for gold as the ultimate safe haven. He also touches on the psychology […]

Entrepreneurship as the Pursuit of Beauty

Entrepreneurship is at its core nothing more than the pursuit of beauty. Although an entrepreneur shares many activities with an employee, the nature of the activity is oriented towards beauty rather than anything else. This is not merely a philosophical preference, but rather the nature of entrepreneurship itself. Beauty is, while not necessarily definable, recognizable […]

Distributism is Built for Failure

Distributism is a recently resurgent form of social and political thought that attempts to create a free society ordered in a specific way through state intervention. This sounds like a paradox, because it is one. Distributists do not like to believe that they are proponents of larger forms of government, however their policies almost inevitably […]

CFTC CoTs: Managed Money No Longer Driving Price Moves

Please note: the CoTs report was published 09/25/2026 for the period ending 09/22/2026. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders report is a weekly publication that shows the breakdown of ownership in the Futures market. For every contract, there is a long and a short, so the net positioning will […]