Peter's Blog

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 […]

While in every nation people have a long list of grievances against their own government, it is generally assumed that this is a normal experience accepted by most. The overreaches of central control and the ever-growing layers of bureaucracy seem to be significant, but always manageable. This normalization of poor governance seems to only have […]

On Tuesday’s episode of the Peter Schiff Show, Peter dismantles the claim that President Trump would end America’s wars and lays out why the recent escalation with Iran marks a sharp break from those promises. He moves from constitutional objections to the political incentives that promote conflict, and finishes by warning about the economic fallout […]

In his Wednesday podcast, Peter walks listeners through the frantic moves in precious metals, the unraveling Bitcoin narrative, and recent weak jobs data. He argues the gold and silver sell-off was a technical flush rather than a change in fundamentals, warns that Bitcoin’s long-promised outperformance has failed, and calls out tariffs and government spin for […]

Trump has repeatedly pressured Powell to lower interest rates, thinking that a spiral of Keynesian growth can undo the damage he has wrought with tariffs and one of the most hands on governments economically in recent memory. Let alone the theoretical weakness of Trump’s stands, he is viewing the Fed in an unprecedented yet still […]

Longtime followers of infeneo (and its associated InFi podcast) know that I am no friend of Modern Monetary Theory (MMT). My chief complaint is that their ostensibly unorthodox ways of viewing government finance are incredibly misleading, at least in the hands of some of their most popular gurus. In today’s post I’ll give yet another example, this one coming from […]

Inflation isn’t a new problem. In fact, it has plagued this country since its founding. Even though the American Revolution– and its monetary soundness– are worth celebrating, its lesser-known history reveals how war and inflation go hand-in-hand.

Recent data shows the damaging effects of tariffs on the American economy. Protectionist policies make goods more expensive at home, but there’s another less-obvious consequence that also impoverishes Americans: reduced consumer choice.

Consumers may be breathing a small sigh of relief, but they’re hardly celebrating. The University of Michigan’s latest “Current versus Pre-Pandemic Long-Run Inflation Expectations” update, released Friday, shows the median expectation for inflation over the next 5 years dipping to 4.0 % in June after topping out at 4.4 % in April. While that is […]

Delivering his final public remarks as President and CEO of the Philadelphia Federal Reserve on yesterday, Patrick T. Harker urged caution regarding inflation, tariff policies, and rising national debt, highlighting enduring challenges to U.S. economic stability. The speech occurred at the Philadelphia Fed, marking the culmination of Harker’s tenure before his scheduled retirement at month-end. […]