Peter's Blog

Bernanke Saved the System, Not the Economy

Former Fed Chair Ben Bernanke is celebrated for the unprecedented interventions that supposedly saved the economy from depression after the 2008 financial meltdown, expanding the Fed’s role well beyond its traditional purchase of short-term treasury bills into buying private stocks, mortgage securities, and long-term government debt. Rather than allowing the malinvestments of the housing boom […]

Schiff on CapitalCosm: Debt, the Dollar, and the Inflation Election

On Thursday, Peter joined host Danny on CapitalCosm to unpack the deepening cracks in the US debt market and what they mean for the dollar, oil, and the political landscape heading into 2026. He walks through weak Treasury demand, the fragile yen carry trade, and why “growing our way out of debt” remains a fantasy, […]

Wholesale Inflation Jumps as Energy Costs Surge

The Bureau of Labor Statistics reported Thursday that the Producer Price Index (PPI) for final demand rose 0.4% in August, a sharp acceleration from July’s 0.1% gain and June’s 0.1% decline. On an unadjusted basis, wholesale prices are up 5.4% over the past 12 months, more than double the Federal Reserve’s 2% target. The report […]

Peter Schiff: The Fed is Making Empty Promises

In Tuesday’s episode of his podcast, Peter breaks down why copper looks like a bargain relative to gold, even as prices for the industrial metal move higher. He then pivots to the war in Iran, calling out what he sees as a pattern of dishonesty from the Trump administration, before circling back to economics with […]

Peter Schiff: Gold’s Bull Market Is Just Getting Started

On Tuesday, Peter joined The Street to sit down for a wide-ranging interview covering gold’s historic climb, the dollar’s ongoing collapse in purchasing power, and why he thinks Washington’s optimism on oil prices is misplaced. He also takes aim at Bitcoin, arguing that its five-year bear market is far from over despite the unwavering confidence […]

Peter Schiff: Tariffs, Fake Data, and the Fed’s Coming Inflation Trap

In his latest episode of the Peter Schiff Show, Peter returns to Puerto Rico to dismantle the government’s economic reporting system, expose the contradictions in Trump’s pressure campaign against the Federal Reserve, and share a personal story that reveals the hidden costs of tariffs. He closes with a historical parallel that shows just how absurd […]

Fed Governor Concedes Next Rate Move Is a Coin Flip as Inflation Stays Well Above Target

Federal Reserve Governor Christopher Waller told Reuters on September 3rd that inflation “remains meaningfully above” the Federal Open Market Committee’s 2 percent goal, even as he pointed to what he called recent signs of disinflation. The remarks, delivered at a Reuters NEXT Newsmaker Interview in Washington, D.C., come less than two weeks before the FOMC’s […]

Warsh Vows No Excuses on 2 Percent Inflation

Federal Reserve Chairman Kevin Warsh used his Jackson Hole podium on Friday to draw a bright line around the central bank’s credibility, declaring that the long-promised 2 percent inflation goal on the Personal Consumption Expenditures (PCE) index is “a firm, fixed target.” Price stability, he said, “is not self-executing…it’s the Fed’s job to deliver stable […]

The Fed Has Added $344B in Treasury Bills in a year

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends. Breaking Down the Balance Sheet The Fed has quietly been doing Quantitative Easing since February. The pace of accumulation has slowed in recent […]

The Dangerous Politics of Techno-Asset Inflation

Monetary inflation and technological revolution have combined to produce dangerous asset bubbles throughout history, from the precious-metal inflows and printing press of the Northern Renaissance to today’s digital-era boom in equities and speculative assets. The technology-driven productivity gains mask rising prices in goods markets, giving central banks cover to keep interest rates artificially low, fuel […]