Peter's Blog

Richmond Fed’s Barkin Concedes Five Years of Inflation Failure

Federal Reserve Bank of Richmond President Tom Barkin delivered a speech titled “Why Hike?” to the CFA Society Baltimore on September 22nd, discussing the Federal Open Market Committee’s (FOMC) recent rate hike of 25 basis points. The move marked the Fed’s first rate increase since mid-2023 and its first policy action of any kind since […]

Money Supply Growth Continues at an Elevated Pace Despite Fed’s tough Talk

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. One key metric shown below is the “Wenzel” 13-week annualized money […]

Chicago Fed President Says Some Inflation Shocks Can No Longer Be Ignored

Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, delivered remarks on September 21st at the Official Monetary and Financial Institutions Forum in London that challenged one of the central tenets of modern monetary policy. Goolsbee argued that the post-1970s doctrine of “looking through” supply-driven price shocks needs revision, stating plainly that […]

Schiff w/ Bitcoin Magazine: The Bond Bear Market is Just Getting Started

In a recent interview with Bitcoin Magazine, Peter breaks down the long unwind of the decades-long bond bull market and explains why he thinks the pain is far from over. He also takes aim at reckless government spending under both parties, dismisses the Fed’s tepid rate moves as irrelevant, and delivers his verdict on Bitcoin’s […]

Peter Schiff: The Fed’s Hike is a Bluff

In his post-FOMC podcast, Peter breaks down the Federal Reserve’s latest rate hike and explains why the modest move signals much bigger economic problems ahead. He connects the dots between runaway fiscal policy, rising interest rates, and the political theater surrounding Donald Trump’s threats against Fed Chair Jerome Powell, all while warning listeners that crypto […]

Schiff on Redacted: Inflation Never Went Away

Peter recently joined Clayton and Natali Morris on the Redacted podcast to walk through why the inflation story never should have lost steam. He covers everything from diesel prices to the copper and gold ratio, the Fed’s toothless rate policy, the hidden costs of the AI boom, and why he thinks inflation will once again […]

Schiff on VRIC Media: The Dollar Crisis is Here

Last week, Peter sat down with Darrell from VRIC Media to discuss the Fed’s credibility problem, the true costs of tariffs and war, and why he believes gold’s historic rise is only getting started. He walks through the disconnect between the Fed’s rhetoric and its actions, the hidden costs of foreign intervention, and the looming […]

Schiff w/ Lin: The Bond Market’s Day of Reckoning is Coming

In a recent interview with David Lin, Peter breaks down the futility of central bank intervention, including Japan’s efforts to prop up the yen to Washington’s inflationary tricks aimed at suppressing bond yields. He also undercuts Treasury Secretary Scott Bessent’s credibility, explains why falling prices are actually a good thing, and warns that decades of […]

Peter Schiff: A Rate Hike Charade and Trump’s Phony Dividend

In Saturday’s episode of the Peter Schiff Show, Peter breaks down the latest inflation report and what it means for the Federal Reserve’s rate decision, arguing that a token rate hike would be more theater than substance. He then turns to President Trump’s proposal of a $5,000 “dividend” to Americans funded by tariff revenue, calling […]

Bernanke Saved the System, Not the Economy

Former Fed Chair Ben Bernanke is celebrated for the unprecedented interventions that supposedly saved the economy from depression after the 2008 financial meltdown, expanding the Fed’s role well beyond its traditional purchase of short-term treasury bills into buying private stocks, mortgage securities, and long-term government debt. Rather than allowing the malinvestments of the housing boom […]