Peter's Blog

What Truly Causes Growth

True economic growth doesn’t come from inflation or regulation but from entrepreneurs who cut costs and drive industries forward. But as inflation quietly eats away, those who get the new money first enjoy a temporary gain, while everyone else suffers from rising prices and shrinking buying power.

License to Kill: How Occupational Licensing Stifles the Economy

Imagine a world where you need government permission to braid hair, paint walls, or even arrange flowers. This isn’t a dystopian novel—it’s the reality for millions of American workers trapped by excessive occupational licensing laws.

Shock Therapy: Reforming U.S. Energy

In an era of global uncertainty and volatile energy markets, the United States stands at a crossroads. Our nation’s energy policy has long been a patchwork of regulations, subsidies, and political compromises that have stifled innovation and hindered our path to true energy independence. It’s time for a bold new approach: unleashing the power of […]

Peter Schiff: Silver has New Support at $30

In this episode, Peter recounts silver’s notable rise above $30/oz and addresses the latest FOMC minutes that were released this week, in which the Fed signaled that rate cuts could be delayed even further. Peter also calls out the SchiffGold Silver Breakout Sale to celebrate the metal’s long-awaited breakout. 

How the Regulatory State Cripples Small-Business

Politicians parrot on about small businesses being the backbone of the economy, only to pass the regulations that stifle them. In 2024, several federal agencies instituted new regulations on small businesses. These agencies included the Financial Crimes Enforcement Network, the IRS, and the Consumer Financial Protection Bureau. The new restrictions add to an exponentially increasing mountain of […]

Innovation’s Silent Killer: Progressive Taxation

Innovation has a silent killer… a scourge that America has aided and abetted for over a century. Innovative activity is the backbone of the economy. Because of Google, Honda, and Netflix, life is easier for billions of people around the globe. A Stanford study found that up to 85% of economic growth is due to innovation. But what if all […]

GDP Creates the Illusion of Fed-Fueled Economic Growth

Joe Biden keeps touting the “booming” economic recovery. And of course, he’s taking credit for it. But is the economy really booming? If you look at GDP growth, it certainly appears the US economy is in the midst of a robust recovery. But economic growth is relative. And when your baseline is an economy that […]

Borrowing Our Way to Prosperity?

Americans are driving the US economy along with borrowed money. The question is how much longer can it last? Consumer debt surged once again in December as Americans charged up their credit cards for the holidays. Total consumer credit grew by $22.1 billion in December, according to the latest data released by the Federal Reserve. […]

Peter Schiff: The Stock Market Is Overlooking Bad Economic and Political Data

Stock markets made new highs on Wednesday, but as Peter Schiff explained in his latest podcast, there are a lot of cracks under the surface. The markets are surging forward even as they overlook bad economic data and chilly political winds.

Stimulus Doesn’t Stimulate: The Case of Japan

Last week, Keynesian extraordinaire Paul Krugman called for more fiscal stimulus in the form of a “government investment program.” Mike Maharrey poked fun of him in his Fun on Friday column. But while it might be amusing to crack jokes at the expense of Keynsians and their obsession with both fiscal and monetary stimulus, the […]