Peter's Blog

Federal Contractors Are Just Another Form of Government Waste

Elon Musk’s Department of Government Efficiency (DOGE) continues to make headlines, with the bureaucratic class panicking over its possible demise at Musk’s hand. DOGE’s goals are laudable, but the department should prioritize eliminating wasteful services completely, not replacing them with pseudo-private actors.

Peter Schiff: Thank You, DOGE!

In his latest podcast from Wednesday night, Peter addresses the renewed buzz surrounding Elon Musk’s Department of Government Efficiency (DOGE). Peter argues that no matter how many cuts are made, the government’s nature ensures that fraud and abuse will persist. Without market forces exerting pressure on bureaucrats, the state has to reason to spend and […]

Trump’s Immigration Long Game

Trump‘s border policy was one of the most controversial issues that made him the center of national attention during the news cycle leading up to the 2016 election. His radical and unashamed defense of the American border was shocking to many Republicans and Democrats alike. He seemed to have stepped away from the American ideal […]

Schiff w/ Kalbarczyk: Trump Won’t Fix the Economy

On Friday, Peter joined Artur Kalbarczyk for a wide-ranging conversation about the Federal Reserve’s next moves, the “time bomb” of U.S. government debt, and why he believes inflation will keep surging in 2025. Despite market expectations that the Fed will leave rates unchanged at its upcoming meeting, Peter sees plenty of monetary danger on the […]

Can Government Stimulus Truly Prevent Recessions?

Conventional wisdom says that the government can help (or is even required to) stimulate the economy, especially during a recession. As mounting evidence grows for a recession happening right now, it’s worth examining how this conventional wisdom is completely wrong and backwards. The government is typically the primary cause of recessions.

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 […]