Peter's Blog

Why Warsh Wants to Ignore Inflation’s Real Cost

As Kevin Warsh takes over as Fed chair, his stated preference for narrower, trimmed inflation measures is drawing scrutiny, and for good reason. Though it is technically correct that government-driven price hikes from wars, lockdowns, and years of interventionist policy are not “inflation” in the strict monetary sense, Warsh’s push to exclude them from the […]

Peter Schiff: Inflation Comes From Washington

In Friday’s episode of The Peter Schiff Show, Peter connects the dots between Washington’s fiscal choices, Federal Reserve policy, and the asset bubbles those choices create. He covers inflation’s true drivers, the hidden costs of today’s tech buildout, why Bitcoin is vulnerable, and why gold and silver remain the prudent hedge for savers. He closes […]

Can Consumption Create Wealth?

Most Americans are familiar with the Keynesian idea that government spending and money creation can stimulate a sluggish economy by boosting demand. What those not versed in Austrian economics may not appreciate is that this framework gets the causal order exactly backwards: production must come before consumption, and genuine demand can only arise from prior […]

13 Week Money Supply Growth Hits Highest Level Since 2022

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 […]

Schiff on VRIC Media: Inflation Is Worse Than They Admit

In his latest appearance on VRIC Media, Peter walks through how rising prices, renewed balance-sheet expansion and growing debt shape the case for real money. He connects headline numbers to policy choices, explains who wins and who loses from inflation, and doubles down on gold as a reliable store of value. He begins by flagging […]

Why Transparent Monetary Policy Still Creates Instability

Some economists argue that the key to economic stability lies not in reforming the monetary system but simply in making the Fed more predictable and transparent in its policies. But as Austrian economists have long argued, it is not a lack of transparency that triggers boom-and-bust cycles. It is the Fed’s fundamental tampering with financial […]

13 Week Money Supply Growth is Trending Above 5%

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 […]

Inflation Is Noise in the Price Signal

Americans are well-acquainted with the primary effect of inflation– higher prices across the economy. Those not versed in Austrian Business Cycle Theory may not realize that inflation also disrupts and confuses economic calculation, the critical process by which capital is directed toward its best use. The following article was originally published by the Mises Institute. […]

Schiff on World Affairs: Inflation Is Here and Policy Will Backfire

In last week’s appearance on World Affairs in Context, Peter takes aim at the contrast between political rhetoric and economic reality. He argues that the supposed “golden age” touted by some is mostly spin, that inflation is returning with real force, and that expanding the money supply is sowing the seeds of a broader crisis. […]

War Will Be Funded by Inflation

With the prospect of peace on the horizon, free-market economists can rest easier knowing the worst of the Iran war may be over. Even if the war is really over, the state will still use it as a scapegoat for the Federal Reserve’s latest inflationary policies. The following article was originally published by the Mises […]