Peter's Blog

Three Reasons the Fed Will Lose the Inflation Fight: SchiffGold Friday Gold Wrap March 3, 2023

Despite the hotter-than-expected CPI data for January, most people still seem confident that the Federal Reserve can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. […]

Ron Paul: Waiters and Waitresses Hit By Double Whammy of Inflation and the Taxman

While price inflation has eased modestly from its peak, Americans are still dealing with rapidly increasing prices, and that is squeezing their pocketbooks. And of course, the pain falls disproportionately on the working poor and people living on fixed incomes. As Ron Paul explains, rising prices and a more aggressive IRS mean servers in the […]

Money Supply Remains Well Below Trend

The seasonally adjusted money supply in January increased by $31 billion. This was the first increase in the money supply in five months.

Recession Warning Sign: Consumer Confidence Falls Again in February

Joe Biden might be confident in the US economy. Federal Reserve Chairman Jerome Powell might be confident about the US economy. But the average American? Not so much. The Conference Board Consumer Confidence Index fell for the second straight month in February, dropping from a downwardly revised 106.0 in January to 102.9.

Peter Schiff: The Fed Is Going to Throw in the Towel on the Inflation Fight (Interview)

Peter Schiff appeared on Greg Hunter’s USA Watchdog.com show to talk about inflation and the economy. Peter didn’t paint a rosy picture, explaining that the Federal Reserve is ultimately going to throw in the towel on the inflation fight in order to fight something much worse – economic collapse.

Peter Schiff: History Shows It’s Impossible to Put the Inflation Genie Back in the Bottle

The markets basically shrugged off the hotter-than-expected inflation data for January. Most people remain convinced that the Fed can easily get price inflation back to 2% without wrecking the economy. But in his podcast, Peter explains that stuffing that inflation genie back into the bottle is a lot harder than most people seem to think.

Is There a Path Back to a Gold Standard?

Any suggestion of returning the monetary system to a gold standard is immediately met with howls of protest. “It’s impossible!” were told. But Bettina Bien Greaves who was a translator, editor, and bibliographer for economist Ludwig von Mises’ works argues that there is no practical reason we couldn’t return to a gold standard. The objections […]

This “Strong” Economy Is a Facade Built Out of Debt

Retail sales surged in January, creating the impression that the economy is humming along nicely. After all, there can’t be a problem if consumers are out there consuming, right? But a lot of people are ignoring a key question: how are people paying for this shopping spree?

How Government Spending Messes Up the Economy

Virtually everybody agrees that government spending is necessary to support the economy and society in general. We may debate vigorously about what exactly the government should spend money on, but few people will entertain the thought that maybe the government shouldn’t spend money at all. Most fail to even acknowledge that even the best government […]

Peter Schiff: Here’s Why Inflation Is Going to Get Worse

The January CPI report threw cold water on the idea that the Federal Reserve has inflation under control. While the headline annual CPI came down a tick to 6.4%, month-on-month prices rose by 0.5%. After the data came out, Peter Schiff appeared on NTD News to explain why inflation is going to get even worse.