Peter's Blog

Fed’s Underlying Inflation Measure Close to 12-Year High

Inflation is low – so we’re told. But this simply isn’t true. Now, it is true that the consumer price index (CPI) has remained relatively low. But rising prices aren’t in-and-of themselves inflation. In fact, we can have inflation without a corresponding rise in CPI – at least in the short-term. That’s exactly what we’ve […]

What Do You Mean “No Inflation?”

When the Fed launched its aggressive monetary policy in the wake of the 2008 financial crisis, many free-market economists predicted it would result in massive price inflation. That never materialized. As a result, Keynesian economists like Paul Krugman love to finger-point and mock those who criticize easy money policies designed to “stimulate aggregate demand.” They […]

Is Higher Inflation Really Bad for Gold?

News of hotter than expected inflation numbers caused gold to sell off Tuesday. The markets seem to think rising inflation is bullish for the dollar and bearish for gold. But is it really? Is higher inflation really bad for gold? As Peter Schiff points out in his latest podcast, this whole notion is rather absurd.