Peter's Blog

Although Aristotle lived over 2000 years ago, he had ideas about money that are extremely relevant to today. He believed that rather than having some intrinsic worth, money was a human convention that enabled coordination between people. He also believed that money was best used to satisfy needs rather than wants, which he made it […]

The dramatic heart of the play, Merchant of Venice, centers around a deal that turns a bad financial decision into a matter much more serious than money. In a situation where the titular merchant, Antonio, seeks to help out a friend in a time of social need, Shylock the moneylender gives him a loan of […]

As the United States prepares to commemorate its 250th anniversary, Americans will celebrate the nation’s founding with pageantry, parades, pomp and patriotism. Loving one’s country of birth and taking pride in its independence-inspired origins, praiseworthy accomplishments, and laudable legacy is a natural inclination and respectable trait. Similar celebration and reverence shouldn’t apply to the dollar, […]

Although most stablecoins are touted as the next step for currency and a needed player in financial innovation, they have several fundamental flaws that make them even less suitable than the American dollar. Stablecoins are electronic currencies tied to USD, and in most situations, stay within a few percent of the dollar’s value. While historically […]

On Tuesday’s episode of the Peter Schiff Show, Peter walks listeners through the Fed’s origin story and how the institution’s structure and mission has warped the U.S. monetary system. In the context of Kevin Warsh’s confirmation hearing for Fed Chairman, he explains why the Fed was designed as a private banking syndicate, how its notes […]

In his Senate confirmation hearing on April 21st, Federal Reserve Chairman–designate Kevin Warsh pledged nothing short of a philosophical reset at the world’s most influential central bank. Backed by President Trump and politely flanked by Senator Elizabeth Warren, Warsh told lawmakers that full employment and stable prices remain “mission-critical,” yet achievable only if the Fed […]

With the latest 12 month CPI figure coming in at 3.3%, it’s clear that inflation is alive and well. What’s less clear to the public is the fact that inflation is a policy choice– an intentional political act meant to rob citizens of the benefits of falling prices. The following article was originally published by […]

In Peter’s most recent interview on the Thread Guy channel, he walks listeners through the logic of prepping in an era of war, misinformation, and market manipulation. He argues that official numbers and political spin are unreliable, that the president now moves markets in real time, and that these factors increase incentives to diversify out […]

On Thursday, Peter faced off against Mark Moss in a ZeroHedge debate to lay out a clear, market-focused case for gold and a skeptical case against Bitcoin. He argues that central banks are quietly shifting away from the dollar into gold because they no longer trust the ability of the U.S. government to repay debt […]

With inflation still running hot and disastrous jobs data coming in, it’s tempting for policymakers to spread myths about the economy, particularly around the origin and nature of money. As the Austrian school demonstrates, fiat money– and all money for that matter– does not derive its value from dictates of the government. The following article […]