Peter's Blog

50-Year Mortgages Are A Trap

With the Trump administration increasingly desperate to create any illusion of prosperity, a new proposal was introduced to create federally-backed 50-year mortgages to make housing “more affordable.” The plan promises lower monthly payments that Trump says would open the door to millions of would-be buyers priced out of the current market.  But as ultra-long term […]

The Myth of Aggregate Demand: What Really Causes Recessions

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 […]

Is Capitalism Really to Blame for an Aesthetically Dreary Society?

Whether it is the right criticizing progressive or alternative forms of architecture, or the left criticizing the horrific style choices of right wing pundits, it is an undeniable fact that a lack of beauty is perceived as somehow linked to a lack of virtue. While it is common for party members to cherry-pick specific examples […]

Fed Governor Waller Calls for More Easing as Inflation Persists  

Federal Reserve Governor Christopher Waller told the Society of Professional Economists in London Monday night that he backs another 25-basis-point cut at the December FOMC meeting, calling the move “additional insurance” against a slowing labor market. His speech, delivered barely a month after a 43-day U.S. government shutdown halted many official releases, leaned heavily on […]

US Government Borrows $1.8T in Four Months

Current Trends The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. Once the debt ceiling was lifted, the government wasted no time in catching up for all the months where borrowing was frozen. From July through October, the government borrowed an eye […]

Why Division in the Right is Different this Time

The recent drama at the Heritage Foundation was a wakeup call to many on the right that the traditional conservative alignment had radically shifted. While it was ultimately a disagreement over tone, the controversy it caused made more evident fault lines that have begun to become far more visible since Trump’s inauguration in January. The […]

Risk-Off Rotation: Tech & Crypto Decline, Gold & Silver Shine

Wild week for precious metals: despite violent intraday swings, gold still closed up ~2.2% around $4,080 and silver up ~4.7% above $50—with silver briefly tagging $54+ overnight. The key: $4,000 is acting as gold’s new floor (just like $3,000 became the new $2,000), and $50 is emerging as support for silver. Meanwhile, risk is coming […]

Peter Schiff: Please Keep the Government Closed

On Wednesday’s episode of The Peter Schiff Show, Peter lays out why recent market headlines—everything from the government shutdown to the wobble in crypto—point back to one theme: more easy money and bad policy. He connects the dots between Washington’s spending, tariff-driven price pressure, and risky mortgage fixes. He starts by flipping the common narrative […]

Mamdani’s Victory and the Myth of Democratic Socialism’s Rise

With the election of Zohran Mamdani as New York’s Mayor, last week’s election may have marked the start of a new socialist political era. As unfortunate as his success is for New York, his supporters will eventually face the same disappointment that all socialists do once they collide head-on with economic reality. The following article […]

Racing Toward the Monetary Cliff: How Endless Money Printing Dooms the Economy

Last week was a revealing one for the economy, with turbulence on Wall Street and abysmally low consumer sentiment data coming in Friday. These are only the most visible signs of decades of government tinkering in the economy. With central banking, regulation, and extreme taxation plaguing the economy, the only possible outcome is economic collapse. […]