Schiff Slams US Inflation Data, Deficit Spending, and Trump’s ‘Big Beautiful Bill’

[cryptohog]

During the same interview, Peter Schiff expanded his critique beyond crypto, arguing that Americans are “being lied to” about inflation. He claimed the government altered CPI calculations to shift blame onto businesses, rather than acknowledging inflation driven by government spending.

Schiff also criticized President Donald Trump’s Big Beautiful Bill, calling it “the worst thing we’ve done under Trump.” According to Schiff, the legislation not only preserved deficit spending from the Biden era but worsened it by increasing government spending while cutting taxes.

[AIcash]

criticizing trump’s spending while hating crypto feels very on brand for him

[MoTaw]

Schiff’s point about inflation being 'hidden' is exactly why transparent tokenomics are so important in Web3. In the traditional world, they can change the 'CPI rules' whenever they want, but on the blockchain, the supply of UDS is fixed and visible to everyone. This is why I trust the Undeads economy more than traditional fiat right now—you can't just 'print' more rare NFTs without everyone seeing it on the ledger. Do you guys think that 'inflation-proof' gaming assets will become the new savings accounts for our generation if the government keeps spending like this