Peter's Blog

What Debt? Just inflate! 13 Week Money Supply Continues Accelerating

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

The Fed Wouldn’t Cut it as a Normal Bank

The Fed is governed by institutional rules that separate it in operation and incentive from all other banks. Rather than being driven by profit and benevolence, it is ruled by a convoluted system of spoken and unspoken incentives that are often at odds with one another. The purpose of the Fed is nominally to keep […]

Why the Establishment’s Fear of Trump’s Fed Moves Is About Optics, Not Economics

President Trump’s highly publicized feud with Fed Governor Lisa Cook has recently frightened establishment finance types. With all the pearl-clutching surrounding the Fed’s independence, it’s easy to forget that everything the Fed already does is politically motivated. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]

With Its Latest Rate Cut, the Fed Serves Wall Street and the Regime

Last week, the Fed cut interest rates by 25 basis points, the first cut since December. While it claims to be responding to economic conditions, the Fed is really just catering to political and financial elites, who’ve been pressuring the central bank for months. The following article was originally published by the Mises Institute. The […]

Peter Schiff: Fed Independence in the Crosshairs

On his latest podcast, Peter takes aim at a string of recent policy choices that are undermining the dollar, inflating asset bubbles, and exposing taxpayers to risk. He walks through the latest jobs data, the anomaly of easing into an inflationary cycle, the privatization of profits at the expense of public losses, and the constitutional […]

Prepare for New Gold Highs (Just Don’t Dance)

Gold hit a fresh record high in the wake of Jerome Powell’s dovish comments that the Fed will consider cutting interest rates at its upcoming September FOMC meeting. As the Fed is forced into accommodative policy and possibly even eventual QE, get ready for even more record highs for the yellow metal. But just don’t […]

Money Supply Stalls Amid Weak Jobs and Rising Delinquencies

With recent economic data pointing to an uncertain economic future, M2, a primary measure of the money supply, shows a flattening in the supply of money. But, as more precise measures of money show us, this trend may indicate a latent recession in the dollar-fueled economy. The following article was originally published by the Mises […]

Schiff on VRIC Media: Hike Rates, Back Gold, Dump Bitcoin

In a recent VRIC Media interview, Peter lays out a straightforward critique of modern monetary policy and the political choices driving today’s economy. He connects low interest rates, tariffs, and misguided enthusiasm for crypto to a brewing misallocation of resources, and points listeners toward gold and real assets as sensible hedges. He starts by taking […]

Fed’s Waller: ‘Let’s Get On with’ Inflation

Federal Reserve Governor Christopher J. Waller used a Thursday night speech at the Economic Club of Miami to press, yet again, for easier money. Declaring that “the time has come to ease monetary policy and move it to a more neutral stance,” the long-time dove said he would have cut rates in July and plans […]

One Goal, Two Outcomes: Norwegian and Turkish Inflation Targeting Case Study

In a positive turn of events for the Turkish people, yearly inflation reached the lowest it has been in 4 years: 33.5%. This might seem like a laughable accomplishment, but given the turmoil of the Turkish Lira over the past decades, it is a huge positive step. In complete opposition to this, the Norwegian Central […]