Peter Schiff: The Big Beautiful Bill is a Tax HIKE

Show Notes

In this clip, economist Peter Schiff explains why inflation is not just a side effect of policy, it’s a deliberate consequence of runaway government spending. He argues that the so-called “tax cuts” in the recent Big Beautiful Bill will only lead to higher deficits, more borrowing, and stealth taxation through inflation. Key points: - Inflation is how government pays for spending it can't tax directly - Rising prices disproportionately hurt the working class - Real spending cuts are being delayed—or outright avoided - QE and deficits will continue to drive long-term inflation - Politicians take credit for tax cuts but dodge responsibility for price hikes Schiff calls this the greatest economic illusion of our time: You’re not saving money, you’re losing purchasing power.