Peter's Blog

Schiff on Mining Network: Trump is Packing the FOMC

Peter recently joined Peter Gadsdon from the Mining Network to discuss a grab-bag of issues, from the latest showdown between the Fed and the White House to why gold is still the best hedge against a weakening dollar. He walks listeners through recent inflation readings — including the CPI for December — and ties those […]

Why Rate Cuts Only Delay Economic Recovery

Politicians have tricked their citizens into believing that low interest rates will solve their economic troubles– perhaps by lowering housing prices or stimulating the economy out of a recession. In reality, slashing rates isn’t a cure to economic ailments; it’s a poison that corrupts saving and investment and raises prices across the economy. The following […]

Freedom in Money: Gold, Crypto, and the Fed

For the government to undermine a nation’s currency, as the Federal Reserve has done, a money printer isn’t enough. If the state truly wants to give its currency power, it must also wage ideological war against alternatives to fiat, like gold and silver, to prevent citizens from using sound money. The following article was originally […]

Central Banking: Legalized Monetary Piracy

In a free market for money, monetary policy would be unnecessary, with market forces governing the production and use of money. In the current monetary landscape, monetary policy constitutes a coercive, redistributive, and intentional force that benefits the political class at the expense of everyday consumers. The following article was originally published by the Mises […]

Interest Rates Are Set by People, Not Central Banks

Interventionists see interest rates as a key policy parameter set by central bank bureaucrats, betraying a crucial misunderstanding about the nature of interest. In reality, rates are determined by individual time preference– the willingness to trade off future and present consumption. The following article was originally published by the Mises Institute. The opinions expressed do […]

Will the Silver Boom Raise the Price of Tech?

Silver is booming. So, is Elon Musk right that the industrial need for silver will reveal that recent price action is only a bubble?  Or will the rise continue, raising the price of technology in the process? One of the downstream effects of higher silver prices could certainly be higher prices for other goods that […]

Schiff w/ Chasse: Bitcoin is a Risky Asset

In a recent interview with Kyle Chasse, Peter walks listeners through a warning many sound-money advocates have been making for years: the next big price reset may not look dramatic in dollar terms, but in other terms it could be devastating. He connects the rising price of gold, the shift by foreign central banks away […]

CPI Inflation Cools Amid Falling Oil Prices and Slowing Rents

With the CPI coming in at 2.7% last week– lower than the expected 3.1% – markets rallied at the hope that inflation is being tamed. 2.7% is still nearly a full point higher than the Fed’s 2.0% goal, and this hope is misplaced: the Fed’s latest cuts will only drive inflation higher. The following article […]

How Government Policy Turns Generations and Classes Against Each Other

In a limping and heavily distorted economy, it’s easy to blame one group or demographic for “ruining the economy.” Caste analysis, in the tradition of the Austrian school, shows us that it’s not one specific demographic or class that’s to blame. Rather, the economy’s woes result from those who seize political power for selfish gain. […]

The Fed’s “Sick Design”: How Post-2008 Policy Supercharged the Cantillon Effect

With the Fed cutting rates this month, free-market economists stand alone again in their condemnation of inflationary monetary policy. Despite recent years of high inflation, most economists still don’t appreciate the sinister and destructive effect inflation has on the economy, even in small amounts. The following article was originally published by the Mises Institute. The […]