Peter's Blog

Central Banks Double Down on Bullion as Dollar Doubts Grow

Central banks are not easing off the gold pedal. According to the World Gold Council’s newly released 2026 Central Bank Gold Reserves Survey, monetary authorities have been snapping up an average of 1,000 tonnes of bullion annually over the past four years– double the pace seen in the prior decade. Nearly nine in ten survey […]

The Entrepreneur as Practitioner/Philosopher

The divide between philosophy and action has continually widened for centuries. Particularly in the 20th century, when people began to believe that education for most people was applied skills training, and only the most theoretically inclined were encouraged to study ideas. Even for those who chose to study philosophy, their education was intended to prepare […]

The Return of Easy Money Is Fueling Higher Prices

The latest figures show the money supply growing at its fastest pace in over four years, with consumer prices climbing right alongside it. Yet the Federal Reserve continues to insist its policy stance is at least moderately restrictive, even as real wages fall further behind inflation. The following article was originally published by the Mises […]

Fed Projects Stickier Inflation; Gold Touches $4,365

On June 17th, the Federal Open Market Committee (FOMC) kept its federal-funds-rate target at 3.50–3.75 percent, repeating its wait-and-see stance even as headline inflation refuses to retreat to the central bank’s two-percent objective. In a unanimous 12–0 vote, policymakers argued that U.S. growth “is expanding at a solid pace” and promised, in their words, “The […]

The Real Danger of AI Isn’t Job Loss

Americans are increasingly anxious about artificial intelligence and what it means for their jobs, and politicians on both sides of the Pacific have begun promising to manage the transition. But the real question isn’t whether AI will displace certain jobs (that kind of creative destruction is the normal engine of economic progress); it’s whether the […]

Building Institutions That Go From 0 to 1

Going from zero to one is creating something that is fundamentally new. While creating another software-as-a-service company could be extremely lucrative, it is something fundamentally different from going zero to one, as it is more like going from 28,332 to 28,333. Business ideas that already exist can be optimized and maximized by clever people but […]

Empiricism Is NOT The Answer

The current study of economics in an academic setting is extremely overrun by empiricists. Empiricism is a method of study that involves primarily driving conclusions from what can be observed rather than first principles. Empiricism links the validity of every idea back to observable points of evidence that can be used to support it. While […]

Aeneas, China, and Odysseus

The last time that you looked at a truly beautiful piece of Roman statuary, did you remember to read the plaque? If you haven’t, I’ll spare you the trouble of going to the antiquity Museum of your nearest metropolis. Nearly every piece of beautiful naturalistic Roman statuary has inscribed on the plaque beneath it the […]

Peter Schiff: Inflation Beat the Fed

On Friday’s episode of The Peter Schiff Show, Peter walks listeners through the fiscal and monetary forces that make inflation all but inevitable. He ties together soaring debt service, a bubble-driven stock market, wartime spending, and misguided corporate Bitcoin bets to argue that sound money and precious metals are the sensible hedge right now. He […]

Data Needs Theory to Make Sense

Most analysts treat economic data as the starting point for understanding the economy: if GDP rises, things are good; if it falls, things are bad. What they fail to appreciate is that data without theory is meaningless, and that any interpretation of economic data already presupposes a theoretical framework, whether the analyst knows it or […]