Peter's Blog

With the CPI coming in at 2.7% last week– lower than the expected 3.1% – markets rallied at the hope that inflation is being tamed. 2.7% is still nearly a full point higher than the Fed’s 2.0% goal, and this hope is misplaced: the Fed’s latest cuts will only drive inflation higher. The following article […]

With the Fed’s latest rate cut still in view, economic fallacies abound. Policymakers and talking heads speak of monetary policy as a lever that can be flipped back and forth without issue. But, as the Austrian school demonstrates, simply reversing monetary course cannot undo the malinvestment caused by easy money. The following article was originally […]

One of the most pernicious myths about central banking is its necessity to expand and contract the money supply to facilitate the “needs of trade.” But, as the Austrian School of Economics demonstrates, a static money supply is perfectly fine for trade, and it doesn’t entail the destructive inflation that comes with central bankers. The […]

Inflation has come to be one the defining economic phenomena of this generation. As the money supply grows seemingly without end, it’s easy to miss how the erosion of our money wreaks both economic and – more subtly– cultural havoc.

Critics of the Fed are well-versed in arguments against central banking. It enables reckless spending and creates monetary confusion, and it distorts prices for consumers. History also reveals another troubling result of central banking: more frequent and deadlier war.

In a recent discussion with Darcy Ungaro of The Everyday Investor, Peter challenged the widespread narratives surrounding government spending, the Fed’s 2% inflation target, and the policies that perpetuate these problems. Peter and Darcy highlight the underlying structural issues that plague the economy—massive government debt, intentional inflation, and a citizenry oblivious of the true cost […]

Politicians frequently lament inflation and blame it on greedy private actors. What they fail to mention is that they intentionally create inflation to avoid the purported perils of falling prices. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.