Peter's Blog

Why Governments Don’t Determine Money’s Value

With inflation still running hot and disastrous jobs data coming in, it’s tempting for policymakers to spread myths about the economy, particularly around the origin and nature of money. As the Austrian school demonstrates, fiat money– and all money for that matter– does not derive its value from dictates of the government. The following article […]

Peter Schiff: War, Oil, and Inflation Are Crushing the Economy

In his latest podcast, Peter continues his analysis of the US war with Iran and its fallout in the oil market. He argues the short-term pain from military escalation is pointless compared with the constructive pain of fiscal restraint, and he explains why misleading CPI numbers and an accommodating Federal Reserve make sound money increasingly […]

Rothbard on War and Peace

The United States is embroiled once more in a Middle Eastern war, and warhawks are out in full force to defend the conflict from scrutiny. As with all wars, the latest clash with Iran is liable to distort and destroy American economic relations, culture, and civic life. The following article was originally published by the […]

CPI Stubbornly Resists 2% Goal; Gold Brushes $5,180 

Inflation’s embers refused to cool in February, with the Consumer Price Index for All Urban Consumers edging 0.3 percent higher after January’s 0.2 percent bump. Headline prices now stand 2.4 percent above year-ago levels, still north of the Federal Reserve’s vaunted 2 percent target. Core inflation, which strips out the volatile food and energy categories […]

The Incentives Behind Our Perpetual Debt

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 […]

Schiff on Redacted: This War is a Distraction

Peter recently joined Clayton Morris on the Redacted YouTube channel for an interview on the latest economic and geopolitical news. The duo focuses on the economic and geopolitical fallout of a widening Middle East war, and Peter argues that it is already reshaping markets, energy flows, and monetary outcomes. He connects the conflict to higher […]

BLS: Payrolls Crater in Latest Jobs Report

The U.S. labor market took an unexpected step backward in February, shedding 92,000 non-farm payroll jobs after a modest 126,000 gain in January, according to Friday’s Employment Situation release. Headline unemployment barely budged at 4.4 percent, yet 7.6 million Americans remain officially out of work and an increasing share of them are looking for jobs […]

Schiff w/ Diesen: War Will Wreck the Economy

In his latest interview with Glenn Diesen, Peter focuses on the economic fallout from the recent war and what it means for jobs, inflation, and the dollar. He argues policymakers are stampeding toward more debt and money printing at exactly the wrong time, which makes gold and silver an increasingly sensible hedge for savers who […]

Schiff w/ Nawfal: War is an Economic Scapegoat

On Tuesday, Peter joined Mario Nawfal for a discussion about the constitutional limits on war, the likely political and economic consequences of a U.S. confrontation with Iran, and the fiscal realities that would follow. He ties those foreign-policy risks back to money and markets, warning that debt, central-bank money printing, and a weak production base […]

A Horrendous Job Report Looks Even Worse Under the Surface

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]