Peter's Blog

Jerome Powell Has a Dream: Control Inflation

A recent article in the New York Times is reassuring. It assures us that while the recent CPI print showed inflation was running hot, not to worry! When measured in terms of “core” inflation, which “gives us a better idea of the underlying trend,” inflation actually isn’t so bad. And that underlying trend requires that […]

Just How Bad Was Trump’s Greatest Test?

As Donald Trump was inaugurated as 47th president of the United States on January 20th, 2025, the circumstances of his last year in office loom large. The Covid-19 pandemic obfuscated the final verdict on the effectiveness of his economic policy. Due to the unprecedented nature of the protective measures taken, it was difficult to determine […]

Peter Schiff: All the Data Confirms Stagflation

On Wednesday, Peter marked his return to the Peter Schiff Show studio. He tackles the most recent batch of 2025 economic data, highlights inflation signals in commodity prices, and comments on President Biden’s legacy as his term comes to a close. Donald Trump is set to take the reins on Monday, and Peter also analyzes […]

Schiff on Schwab Network: The Markets Have Mispriced the Dollar

On Wednesday, Peter joined Oliver Renick on Morning Trade Live to analyze the most recent batch of Consumer Price Index (CPI) data. As usual, Peter brings a dose of reality to the markets, pointing out that Wall Street is not taking inflation seriously enough and that analysts are too bullish on the dollar.

Gold Rallies as December Inflation Prompts Unease

Gold futures soared on the back of yesterday’s December’s Consumer Price Index (CPI) data, climbing by $29.50 (1.10%) to settle at $2,722.60 for the most active February contract. The U.S. Bureau of Labor Statistics revealed that overall inflation rose 0.4% in December—exceeding November’s 0.3% pace and slightly above economists’ consensus of 0.3%. On an annual […]

States Move to Fortify Precious Metals Policies

Legislators in Virginia and Wyoming are taking steps to safeguard gold and silver ownership as part of a broader effort to help citizens preserve their wealth against a weakening dollar. In Virginia, House Bill 2336—introduced by Del. Amanda Batten (96-R)—would extend the state’s sales tax exemption on precious metals purchases until 2032. Currently, Virginia’s exemption […]

When Local Elections Count Most

While local elections are often relegated to a sideshow when it comes to importance in the national economy, the recent fires in L.A. have destroyed this paradigm. The incompetence of the leadership of L.A.s mayor shows how local elections can have devastating local and national impacts.

Rising Inflation Expectations Spark Concerns Over Tariffs and Consumer Confidence

U.S. consumers are bracing for higher prices over the next 12 months, according to the University of Michigan’s latest survey. One-year inflation expectations jumped to 3.3% in January, up significantly from 2.8% in December. This is the steepest increase since May and pushes the short-term outlook above the 2.3%-3.0% range seen in the two years […]

Why Vilifying the Wealthy Hurts Economic Growth

The slogan “Eat the Rich” has recently been revived following the high-profile assassination of the UnitedHealth Group’s CEO, Brian Thompson. Instead of blaming the entrepreneurial class, who tend to make all people richer, economically disillusioned Americans should lay their blame at the feet of the Federal Reserve and Federal bureaucracy, institutions that are inherently inequitable […]

Federal Budget: 2024 Spending Exceeds Covid Years

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit.