Peter's Blog

Federal Deficit: TTM Interest Expense Exceeds $1T

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closes at the end of September, […]

The Persistent Myth – War Is Not Good for the Economy

Despite pundits’ claims to the contrary, war is not good for the economy. When warhawks fail to grasp this, they fall prey to the age-old broken window fallacy. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold. War is the ultimate […]

Trust the Market, Not Government Stimulus

Some commentators are of the view that one cannot trust the market economy, which is seen as inherently unstable. If left free, the market economy could lead to self-destruction. Hence, there is the need for the government and the central bank to manage the economy. It is held, in this framework, that successful management could be achieved […]

The Working Americans’ Tax Cut Act Robs Peter to Pay Paul

If you listen to politicians in Washington, the Working Americans’ Tax Cut Act proposed by Virginia Representative Don Beyer sounds like a gift to the middle class. But by decreasing taxes for some by increasing them for others, it only robs Peter to pay Paul. A tax decrease that is financed by a simultaneous tax […]

The Incentives Behind Our Perpetual Debt

It is no secret that the US Federal Government has great difficulty getting out of and staying out of debt. Whether the State even possesses the power or willpower to get out of debt is not even asked, as Keynesian principles have lionized debt and removed the historical stigma. Things that would not be seen […]

Peter Schiff: It’s Time to Axe Entitlements 

On his latest appearance on CapitalCosm, Peter walks listeners through the current state of markets with a particular focus on gold and silver. He ties those moves back to broader policy failures at home and abroad, including recent escalation in the Middle East. He moves from praise for the technical strength in precious metals to […]

Peter Schiff: Market Reality Always Wins

In his latest episode of The Peter Schiff Show, Peter responds to President Trump’s State of the Union address, laying out a simple but blunt view: markets will force corrections where policy has created imbalances. He moves through housing, market bragging by politicians, the real story on inflation measurements, the tradeoffs of income taxes and […]

Federal Budget: Government Deficit Exceeds $1.6T in 2025

Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit. The government fiscal year closes at the end of September, […]

Why the State Must Live Within its Means

While Keynesians and any number of control based economists can provide endless reasons to justify government debt, it has proven to be one of the greatest underlying problems undermining the US’s national integrity. Debt has been a contentious national issue, yet no party or politician has been serious about it enough to do anything significant. […]

The Myth of Aggregate Demand: What Really Causes Recessions

As warnings flash about the state of the economy, the Keynesians are out in full force to declare that falling aggregate demand is what causes recessions. The Austrian school can set the record straight. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff […]