Peter's Blog

Congress Must Reclaim Its Authority Over Tariffs

President Trump continues to make waves with tariffs, with each announcement sending the market into a frenzy. Whether said tariffs will make economic life better is doubtful, but one thing is certain. It is foolish to entrust the power to levy such taxes to one man.

Has Slowing Money Supply Growth Led to a Directionless Stock Market?

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

Imprimis and the Danger of Price Controls

50 years ago, Hillsdale College released the first in a series of mailed pamphlets. At the time they could have no idea about how much this publicity arm of the college would grow in the future, or the amount of public discourse it would cause. Imprimis’ has become one of the most widely circulated academic […]

Schiff on Pinnacle Digest: The Government Should Fear the Public

Last week Peter joined Aaron Hoddinott on the Pinnacle Digest YouTube channel for an interview on Peter’s career, why the Fed can’t get anything right, the perennial gold vs. Bitcoin debate, and Aaron’s disagreements with Peter on the dollar. If you missed it, be sure to check out Peter’s podcast from Sunday!

Jerome Powell Rejects CBDC, Has No Plans for Rate Cuts

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]

New Chinese Policy Opens the Door for Insurers to Invest in Gold 

A groundbreaking pilot program in China now allows 10 major insurance companies—including PICC Property & Casualty and China Life Insurance—to allocate up to 1% of their assets to gold bullion. This policy, effective last Friday, translates into a potential investment pool of nearly 200 billion yuan (approximately $27.4 billion), according to Minsheng Securities. The move […]

Tariffs Won’t Bring Back American Prosperity

With the fallout from President Trump’s tariffs still echoing throughout the economy, many are lauding the president’s policies as valuable leverage against trade allies. What these praises miss, however, are the unintended consequences of protectionism and the depressing effect of political uncertainty on economic activity.

Canada-Mexico Trade War Already Over as Gold Hits Record Highs

Just like that, Trump’s trade war with Canada and Mexico has already ended (or at least been “paused”) before it even began. With gold hitting record new highs and the second Trump administration not even a month old, you can bet it won’t be the first “Trump Shock” to send waves through markets and media.

Money Supply Grew by 4% in 2024

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

Peter Schiff: The Dollar Takes a Dip

On Friday, Peter went live to discuss the first trading week of Donald Trump’s second term. Throughout the episode, he describes the dangers of excessive consumption and how global investment in AI might sedate the economy in the short run. He also explains the recent drop in the U.S. dollar and gives his unfiltered take […]