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Posts Tagged: “taxation“
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.
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Schiff vs. Hanke: Who’s to Blame for Inflation?
Last week, Peter debated Steve Hanke, professor of economics at Johns Hopkins University, on inflation, the debt crisis, and the future of the dollar. David Lin hosted the debate on The David Lin Report and provided moderation for the event. While Peter and Hanke have their disagreements, both ultimately agree that the United States is in rough fiscal and monetary shape, and terrible monetary […]
Battling Economic Ignorance One President at a Time: SchiffGold Friday Gold Wrap Dec. 8, 2023
It’s not a good idea to argue about things you don’t know anything about. Most people realize this — until it comes to economics. A lot of people argue economics from a position of ignorance. President Biden is one of those people. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects a […]
Joe Biden: Economic Ignoramus
Are “greedy” corporations driving inflation? Could taxing billionaires solve the federal government’s fiscal problems? According to President Joe Biden, the answer to both questions is yes. And the correct answer is no.
Peter Schiff With Megyn Kelly: Inflation Robs Working and Middle-Class Americans
Despite government officials and central bankers continuing to peddle the “transitory” inflation narrative, the average American isn’t buying it. They feel the squeeze of rising prices in their wallets. And it’s the average American who is hurt particularly hard by the skyrocketing cost of living. Peter Schiff appeared on the Megyn Kelly show to talk […]
The Government Doesn’t Actually Budget
President Biden has proposed a borrow and spend “to infinity and beyond” budget featuring $6 trillion in government spending. That’s the largest amount of spending ever proposed in a presidential budget. It’s not accurate to call it a “budget.” The federal government has given up on actual budgeting.
When Government Spends You Pay — One Way or Another
The US government is spending money at a torrid pace. Uncle Sam blew through $547 billion in January. That brings total spending through the first four months of fiscal 2021 to $1.92 trillion. And the spending spree is only going to increase. Congress continues to debate another $1.9 trillion stimulus package and there’s already talk […]
Peter Schiff: Inflation Is Really a Tax
Peter Schiff recently spoke at the January 2021 Virtual Money Show. He explained why the coming financial crisis will be much worse than 2008, and how the Federal Reserve and the US government are driving us toward this crisis with their inflationary monetary policy.
Fun on Friday: Government Shutdown Survival Guide
How are you weathering the great government shutdown of 2018? We’re in day seven now. It’s been tough here in Lexington. I’m pretty sure I saw some kid setting up an unauthorized lemonade stand. I’m not sure we will survive the plague that’s sure to follow without the FDA to put a lid on such things.