Peter's Blog

As Trump’s crony capitalism and socialist inroads in the Democratic Party crowd out defenders of free markets, many assume the only choice is between capitalism and socialism. But a third danger lurks — the possibility that rejecting both leads not to liberty, but to feudalism or primitivism, systems where rights collapse and poverty reigns just […]

Most Americans understand the visible harm that excessive regulation causes – higher costs and fewer choices in the marketplace. Those less familiar with Austrian economic theory may not appreciate that government regulations also actively create monopolies by shielding politically connected industries from the competitive pressures that drive innovation and spread knowledge. The following article was […]

While constantly predicting the inevitable decline of the dollar and the governmentally-entwined systems of commerce that our society is centered around is not often a joyful job, there are still some things that should give you hope for the state of our country and the world. SchiffGold is so often focused on the negatives because […]

In a recent episode of Anthony Pompliano’s Pomp Podcast, Peter debates Anthony on a host of issues, ranging from the merits of Bitcoin to who pays the bills for tariffs. Throughout the debate, Peter’s incisive rhetoric cuts through the mainstream narratives on the dollar and protectionism, undercutting the White House’s and the Fed’s harmful policies.  […]

The US government is frequently criticized for not reaching the EU’s levels of unhindered handouts and socialization of industries. Proponents of government control for the common good hold two contradictory principles at the same time without even recognizing the tension. They first believe that the highest role of any government is to promote the welfare […]

While for decades, the historically high returns of the stock market have been used to justify putting more money into the stock market, some underlying factors have changed that make this constant growth story no longer as sure of a narrative. While total returns have been buoyed by several massive companies that manage to keep […]

Socialism seems to be on the rise, with jurisdictions like New York City electing avowed socialists to “fix the economy.” Whether it’s state control of the money supply or intervention in capital and labor markets, sound economics demonstrates that central planning never works. The following article was originally published by the Mises Institute. The opinions […]

Another week goes by, and rumors of new trade wars ebb and flow. Tariffs are a perfect example of economist Frédéric Bastiat’s concept of the “seen and unseen.” Protectionists tout tariffs as a way to protect American jobs, but they fail to see the subtle, slower effects of their policies that ultimately make Americans worse […]

SchiffGold’s commitment to gold arises from a strong belief in individual liberty, which is almost synonymous with what it means to be American. While personal independence from government overreach is informally a core American trait, it arose from unique historical circumstances that separated America from most other independent new nations. The American founding was ideologically […]

Free banking is seen by many as something that should be left in 18th century Scotland. Free banking is where each bank issues their own note that is redeemable for a certain amount of a commodity, typically gold. The value of the note is determined by the assessed probability that that bank will indeed be […]