Peter's Blog

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 […]

Trump Spending Pushes the Deficit to Its Highest Level Since COVID

Long-term Treasury yields are surging to levels not seen in decades, with the 10-year climbing above 4.9 percent and the 30-year above 5.3 percent, as investors brace for a flood of new government debt. Fiscal year 2026’s cumulative deficit has already reached $1.79 trillion, the largest outside the Covid era, while the national debt closes […]

A Free-Market Blueprint for the 50 States

As Washington continues piling up debt, deficits, and monetary intervention, meaningful reform is increasingly unlikely to come from the federal level, pushing the real action down to the states. Florida offers an imperfect but instructive model of lower taxation, spending restraint, and sound money, including its move to recognize gold and silver as legal tender, […]

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 […]

When Economic Stabilizers Destabilize the Economy

Mainstream economists insist that recessions can only be cured by increasing government spending, a doctrine popularized by Keynes and his followers and defended even by prominent economists who have only half-jokingly suggested manufacturing crises to justify it. Murray Rothbard’s Austrian analysis turns this on its head, showing that government intervention prolongs downturns by further distorting […]

US Government Borrows $800B in 3 months

Current Trends The US government has borrowed over $800B in the last three months. This is a gargantuan sum of money that annualizes to ~$3.2T. This is an astonishing amount of money given the economy is not technically in recession. If there is an even a minor bump in the economy, the government spending will […]

Why Local Governments Can’t Stop The Spend

50 of the 75 largest US cities are currently operating with budget deficits. While 100% of American Federal Governments are operating with a budget deficit, the Federal Government faces constant scrutiny, but these cities avoid scrutiny even while in close proximity to the communities they overspend for. It would be far easier for people to […]

The Keynesian Demand Fallacy

Keynesian economists often attribute economic downturns to insufficient aggregate demand, arguing that government intervention is necessary to boost spending and restore growth. However, this theory fails to recognize that consumer demand is not an independent variable but rather a consequence of prior production and savings. The following article was originally published by the Mises Institute. […]

Government Spending has Increased 89% since 2016 to $7.2T

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 […]

Taxing Success, Rewarding Envy

The US tax system is often praised as a means of funding essential government services and redistributing wealth. A deeper analysis reveals that it is primarily driven by envy and resentment rather than a genuine concern for the common good. By pitting different groups against each other, the tax code fuels social division and undermines […]