Peter's Blog

Ron Paul: A New House Speaker Won’t Solve the Bigger Problem

The House recently ousted House Speaker Kevin McCarthy in the wake of the continuing resolution to keep spending money and avoid a government shutdown. Dissatisfied Republicans frustrated with the GOP’s unwillingness to address the federal spending problem banded together with Democrats to send McCarthy packing. While the outcome might be politically satisfying to some, it’s […]

Why Was There No Inflation After All the Great Recession Stimulus? (Hint, There Was)

There is a persistent myth that inflation was “low” in the decade following the 2008 financial crisis. It’s time to bust that myth.

Global Debt at Record Levels and the Free Lunch Is Over

Global debt rose $10 trillion to a record $397 trillion in the first half of 2023, according to the Institute of International Finance (IIF). The big increase in debt occurred despite tightening credit conditions, and it is an increasingly worrisome problem because the “free lunch” of artificially low interest rates is over.

Peter Schiff: Gold Rallies on Worse-Than-Expected Inflation News

After the CPI data came out last week, gold rallied. On his podcast, Peter Schiff talked about the rally and the trajectory of gold. He said we can expect even bigger moves up when the markets figure out the inflation problem isn’t solved.

Despite Happy Government Narratives, Consumer Sentiment Plunges

Joe Biden says the economy is great. Paul Krugman says the inflation war is over and we won. But Americans aren’t buying the narrative. They’re growing increasingly worried about the economy and inflation. The University of Michigan Index of Consumer Sentiment tanked in October with inflation worries at the highest level since last May.

Peter Schiff: The Government Is Lying About Inflation

The CPI has cooled in recent months, but Americans say they’re still struggling with rising prices and they’re worried about inflation. Why is there this dichotomy between people’s perceptions and the official data? Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy. He said the problem is the government […]

Inflation Not a Problem If You Don’t Buy Anything! Friday Gold Wrap Oct. 13, 2023

Great news! The inflation war is over and we won! At least that’s how Paul Krugman sees it. But he’s playing tricks with the data and making assumptions that are meaningless in the real world. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects Krugman’s claims in light of the September CPI […]

Hotter Than Expected CPI – A Recurring Theme

“Hotter than expected.” This seems to be a recurring theme when it comes to price inflation. The September CPI data gave us another variation on that tune. And it should once again remind us that the Federal Reserve is nowhere near its 2% target.

Don’t Rely on GDP

An important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent —none more so than with GDP. In this analysis, I explain why GDP is simply the total of accumulating currency and credit which is wrongly taken to reflect economic progress — there being no such thing […]

Resumption of Student Loan Repayments Stressing Already Stressed American Consumers

After a more than 3-year pause, government student loan repayments started again this month and it’s already putting the squeeze on borrower’s wallets. This is bad news for an economy already strained by massive levels of debt and rising interest rates. Interest accrual on student loans resumed on September 1 with the first payments coming […]