Peter's Blog

Schiff on Soar Financially: Time to Rip Off the Band-Aid

Last week, Peter joined Kai from the Soar Financially YouTube channel for an interview on the state of the economy, Federal Reserve policy, and the interplay between domestic politics, gold, and inflation. This interview is a great recap of the most important events of 2024, and Peter offers his perspective on what 2025 will hold […]

America’s $3.5 Trillion Deficit: A Fiscal Crisis in the Making

2025 is staged for a record-breaking year of debt. Although the incoming Trump administration projects an attitude of fiscal responsibility, drastic action will need to be taken to stave off adding trillions to the national debt. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of […]

Cutting Federal Workers Starts with Cutting Federal Spending

With the Department of Government Efficiency garnering constant media attention, part of the incoming Trump administration’s messaging centers on reducing government payrolls. While this would certainly improve the economy, President-elect Trump should remember that payrolls are not the only public expenditure that needs to be slashed. The following article was originally published by the Mises […]

Schiff on Everyday Investor: The Economy Needs Deflation

In a recent discussion with Darcy Ungaro of The Everyday Investor, Peter challenged the widespread narratives surrounding government spending, the Fed’s 2% inflation target, and the policies that perpetuate these problems. Peter and Darcy highlight the underlying structural issues that plague the economy—massive government debt, intentional inflation, and a citizenry oblivious of the true cost […]

The Illusion of Government Efficiency

President-elect Trump’s proposed “Department of Government Efficiency” continues to both enrage big government leftists and excite conservatives and libertarians. While there is certainly great merit in shrinking the size and scope of the state, it’s worth remembering that government– by its very nature– cannot be “efficient.” The following article was originally published by the Mises […]

Peter Schiff: It’s Time for Downward Revisions

On Saturday, Peter took to his podcast to cover last week’s economic news and political events. In this episode, he discusses rumors of large downward revisions in jobs numbers, the issues with and irony of a state Bitcoin reserve,  and the striking resemblance between the government’s spending situation and a Ponzi scheme.

Inflation: Savior of the Rich

Whenever someone puts forward an idea for shrinking the federal budget, one of the first objections is that it will harm the poorest citizens most. Welfare spending, and other means of support are a massive part of the government budget, yet it doesn’t take a lot of insight to see that the government gives even […]

Exploring the Flaws of Supply-Side Economics

Donald Trump’s decisive electoral victory has legitimized a new conservative populist economic agenda. While there is great promise in parts of this agenda, it could easily go off rails and devolve into misguided state action. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter […]

Federal Budget: Trump Inherits an Absolute Fiscal Mess – $1.8T Annual Deficit

Federal Budget: Trump Inherits an Absolute Fiscal Mess – $1.8T Annual Deficit

Treasury Adds $1.1T of debt in last 4 months and $2T YTD

Current Trends The Treasury has still been issuing tons of short-term debt to finance exploding deficits. In the last 4 months, $1.1T in new debt has been added, with the vast majority being financed by debt maturing in less than 10 years. Over $400B has been debt maturing in less than 1 year. This will […]