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 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 […]

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 Fed Continues With QT, and Winds Down Emergency Measures

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends.

Treasury Adds $2.2T of debt in 2024

The Government debt binge has slowed in the latest month, adding only $2B in new debt for January.

Money Supply Growth Surges to 27-Month High Amid Inflation Concern

Today’s mainstream political narrative would have you believe that inflation is permanently cooling. The data tells a different story, with the money supply growing faster now than it has for more than the last two years.

Irresponsible Government Debt: The Catalyst for the Next Financial Crisis

History is replete with examples of major recessions that were ostensibly caused by mere asset bubbles, like subprime mortgages in 2008. The truth, however, is not so simple. In reality, these downturns are exacerbated and often triggered by disastrous government policy, namely excessive spending and the creation of perverse incentives.

Educational Explosion: The Damage of Unnecessary Advanced Degrees

The percentage of U.S. adults holding an advanced degree increased by over 3% from 2011-2021. This increase in education is assumed to have a crucial role in America’s increasing economic strength over that time period. The expertise gained from such degrees is supposed to be valuable enough to outweigh the time and money put into grad degrees, […]

Peter Schiff: Biden Ignores Fiscal Time Bomb

On Sunday, Peter recapped a stellar week for gold. He also provided an analysis of President Biden’s State of the Union Address and criticized Fed Chair Jerome Powell’s perspective on the economy. 

Government Debt Looking as Sketchy as a Payday Loan

The US government continues to borrow and spend at a torrid pace, running massive deficits month after month. The US national debt currently stands at nearly $28.5 trillion. That doesn’t account for the trillions of unfunded liabilities. And there is no end to the spending in sight. There are trillions of dollars in new spending […]