Peter's Blog

50 of the 75 largest US cities are currently operating with budget deficits. While 100% of American Federal Governments are operating with a budget deficit, the Federal Government faces constant scrutiny, but these cities avoid scrutiny even while in close proximity to the communities they overspend for. It would be far easier for people to […]

Most Americans are familiar with the Keynesian idea that government spending and money creation can stimulate a sluggish economy by boosting demand. What those not versed in Austrian economics may not appreciate is that this framework gets the causal order exactly backwards: production must come before consumption, and genuine demand can only arise from prior […]

It is no secret that the US Federal Government has great difficulty getting out of and staying out of debt. Whether the State even possesses the power or willpower to get out of debt is not even asked, as Keynesian principles have lionized debt and removed the historical stigma. Things that would not be seen […]

Trump’s tariff regime has led to an extremely unique economic situation. While inflation for some goods is high, many other goods have little inflation, and new job creation is lagging. Any Keynesian economist could weasel their way around this, but it gives compelling evidence against the assumptions of their most revered models. The Phillips curve […]

Whether for nations, businesses, or consumers, debt is highly marketed and highly utilized. While debt is a core driver of business success, the extent to which it is used is actually extremely harmful and is a market inefficiency driven by government incentives. The choice to embrace debt made by almost every modern nation has trickle-down […]

As warnings flash about the state of the economy, the Keynesians are out in full force to declare that falling aggregate demand is what causes recessions. The Austrian school can set the record straight. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff […]

A new round of tariff announcements from the Trump administration sent markets reeling, with cold coming down from its all-time high over $4,050, only to settle above $4,000, signaling collective doubt in the system itself as investors rush to protect themselves with hard assets.  Collectively, markets are reaffirming gold’s role at the center of sovereignty, […]

Through its insistence on controlling the money supply, the modern state has turned coin clipping and rank monetary debasement into exalted progressive doctrine. The state’s printing of new money seems like a “free lunch,” but we all know that there’s no such thing. The following article was originally published by the Mises Institute. The opinions […]

In this week’s episode, Peter offers an important reminder: the government has a strong incentive to bend the truth with their data, especially when we’re less than a month out from an election. Beyond this, Peter spends time discussing the proliferation of free market ideas on X, declares Grover Cleveland to be the last good […]

At its recent summit, the BRICS economic bloc announced it will add six new members, including Saudi Arabia. Many people believe the growing influence of BRICS could ultimately dent Western economic power and undermine the dollar’s role as the world’s reserve currency. Many people frame the rise of BRICS as a battle between East and […]