Peter's Blog

Confidence Level Is Low! SchiffGold Friday Gold Wrap Nov. 3, 2023

Federal Reserve Chairman Jerome Powell said he’s not confident interest rates are high enough to slay price inflation. He also said he’s not confident they aren’t. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn’t. Along the way, he breaks […]

Navigating By Stars on a Cloudy Night: SchiffGold Friday Gold Wrap Oct. 27, 2023

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the […]

The Illusion of Prosperity: SchiffGold Friday Gold Wrap Oct. 20, 2023

The economy is strong. The American consumer is resilient. Everything is great. At least that’s the mainstream narrative. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s all just an illusion of prosperity. Along the way, he covers the September retail sales data, Federal Reserve Chairman Jerome Powell’s speech […]

Inflation Not a Problem If You Don’t Buy Anything! Friday Gold Wrap Oct. 13, 2023

Great news! The inflation war is over and we won! At least that’s how Paul Krugman sees it. But he’s playing tricks with the data and making assumptions that are meaningless in the real world. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects Krugman’s claims in light of the September CPI […]

Not Just Wrong; Wildly Wrong! SchiffGold Friday Gold Wrap Oct. 6, 2023

The mainstream wasn’t just wrong about inflation in 2020. It was wildly wrong. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey dissects a 2020 video produced by CNBC to show just how wrong they were. He explains why they were wrong and teaches some economics along the way. He also discusses […]

We’ve Been Gaslit! SchiffGold Friday Gold Wrap Sept. 29, 2023

The economy is great! Inflation is dead! We’re on our way to a soft landing! We keep hearing messages like this over and over again from Fed officials, the Biden administration, academics, and financial news pundits. But doesn’t the spin seem a little detached from reality? In this episode of the Friday Gold Wrap, host […]

Saying One Thing; Doing Whatever: SchiffGold Friday Gold Wrap Sept. 22, 2023

The Federal Reserve wrapped up its September meeting on Wednesday and left interest rates unchanged. But Powell and Company had plenty to say. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the rhetoric and argues that what the Fed says and what it will do are two different things.

Slow Burn: SchiffGold Friday Gold Wrap Podcast Sept. 15, 2023

The economy is in a slow burn. You can’t even see the flames. But you can smell whiffs of smoke every now and then if you’re paying attention. In this episode of the Friday Gold Wrap, host Mike Maharrey calls attention to that smoke with a breakdown of August’s CPI  and some other data that […]

Fed Up! SchiffGold Friday Gold Wrap Sept. 8, 2023

We’re fed up — fed up with the Federal Reserve. After all, it is the engine that drives the biggest government in history. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what the Fed is, how it came to be, and how it enables reckless government borrowing and spending. He also […]

For Those Who Labor… SchiffGold Friday Gold Wrap Sept. 1, 2023

We’re kicking off Labor Day weekend. That means you’re going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don’t really need better government policies for workers. We need better money for everybody. He also talks about tanking […]