Peter's Blog

War’s Economic Fallout Extends Far Beyond the Pump

With the US-Iran war held to a ceasefire, further death and destruction have thankfully been delayed. But, as the Austrian school knows, the sudden wartime disruption of production processes is an economic loss that’s hard to understate. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]

How Inflation Stole a Century of Falling Prices

With the latest 12 month CPI figure coming in at 3.3%, it’s clear that inflation is alive and well. What’s less clear to the public is the fact that inflation is a policy choice– an intentional political act meant to rob citizens of the benefits of falling prices. The following article was originally published by […]

The Entrepreneurial Spirit of 2026

I doubt that I’m the only one who feels that something different is happening in the entrepreneurial world. While the emergence of our current world-defining tech companies in the 80s and 90s looked very different from the origin of the industrial giants of the 20th century, they still shared some recurring themes at their advent. […]

The Two-Tiered Damage of the Iran War

Do not let them get away with the war in Iran. The stock market is up, but the war’s consequences cannot be wiped away cleanly with financial success. Politicians have long avoided accountability for any sort of foreign involvement. Trump led all of his voters into believing that he wanted an end to foreign wars […]

Consumer Sentiment Has Never Been This Bad

Consumer sentiment has hit an all-time low in America as the promises of Trumpenomics like a flood of tariff wealth, slashed income taxes, and lower prices are washed away by the tides of war, low growth, bad math, and money printing. Politicians want to be good at math when it serves them, and terrible at […]

Federal Deficit: TTM Interest Expense Exceeds $1T

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. The government fiscal year closes at the end of September, […]

CPI Hits 3.3%, Consumer Sentiment Hits Record Low — Stagflation Is Here

CPI triples to 0.9%, consumer sentiment hits an all-time low, and the Fed is quietly running QE — stagflation isn’t coming, it’s here. Gold ended the week at $4,745 with silver at $75.76 and mining stocks up 5%, all buoyed by the Taco Tuesday ceasefire that sent markets surging mid-week. Peter Schiff argues the ceasefire […]

Why the Post Office and Non-Profits Struggle Without Market Prices

Free market economists have demonstrated why socialism fails: without true market prices, economic calculation becomes impossible. Some, however, fail to realize that this limitation also applies to other institutions, like nonprofits, that typically don’t face market prices either. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect […]

The Persistent Myth – War Is Not Good for the Economy

Despite pundits’ claims to the contrary, war is not good for the economy. When warhawks fail to grasp this, they fall prey to the age-old broken window fallacy. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold. War is the ultimate […]

Peter Schiff: Markets Rally on Peace — But the Fed Rules Everything

On Tuesday’s episode of The Peter Schiff Show, Peter walks through the latest flare-up with Iran, the strange market response to de-escalation, and the future of the wartime economy. He argues that headlines about war and peace are being subordinated to one force above all — the Federal Reserve — and makes the case that […]