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- President Trump blasted economist Peter Schiff on Truth Social after Schiff warned on Fox News that “Trumponomics” is worsening inflation.
- Schiff responded by publicly challenging the President to a debate.
- Beyond inflation and housing, Trump and Schiff remain deeply divided on Bitcoin.
U.S. President Donald Trump publicly attacked prominent Bitcoin critic and economist Peter Schiff over the weekend, criticizing Fox News for giving him airtime and accusing him of misleading viewers about the state of the U.S. economy.
The comments came in a Truth Social post responding to Schiff’s appearance on Fox & Friends Weekend, where Schiff argued that “Trumponomics” was worsening inflation and affordability pressures.
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Trump VS. Schiff
In a sharply worded post on Truth Social, Trump questioned why Fox News would feature Schiff, describing him as a “Trump-hating loser” and “stockbroker” who “has already proven to be wrong.”
Trump claimed Schiff had mischaracterized the direction of the economy, insisting that prices were falling rather than rising.
He cited a reported dip in gasoline prices and argued that inflation was easing, claiming:
“Gasoline hit $1.99 a gallon yesterday in certain states, and is down big since Biden. Other prices are almost all down.”
Trump went on to assert that his administration was fixing “the affordability crisis,” adding:
“Much of it, like the border, is already fixed.”
He also criticized the show’s producers, writing: “Check out the ‘booker’ who put this jerk on!”
Schiff Responds, Offers Debate
Schiff fired back shortly after, saying the President lashed out because he highlighted the economic risks associated with Trump’s policy agenda.
“President Trump lashed out on Truth Social after I appeared on Fox & Friends Weekend and warned that Trumponomics is fueling bigger deficits, rising prices, and worsening affordability,” Schiff said.
He added that his full segment had explained why “gas prices, housing, wages, and the broader inflation picture aren’t what the political messaging claims.”
Schiff urged Americans to expect higher prices, not relief, as government spending accelerates.
He also called out Trump for a one-on-one debate.
“Since [President] Trump called me a jerk and a loser for claiming that prices are still rising when he insists they’re coming way down, I challenge him, or his designee, to a debate on the U.S. economy and the efficacy of his policies,” he wrote on X.
“If I’m as wrong as he says I am, let him prove it.”
Schiff Warns of a “Great Housing Reset”
In the full interview on Fox, Schiff argued that U.S. housing affordability had collapsed due to decades of federal intervention.
“Home prices may need to fall 20–30% to restore true affordability, even though doing so would trigger another financial crisis,” Schiff said.
The comments directly contradicted Trump’s claims that the affordability crisis was easing.
“Biden caused the affordability crisis, I’m fixing it, along with everything else,” Trump wrote on Truth Social.
In a separate post, Schiff said that while Trump believes he hates him, he actually endorsed him in his last re-election.
“Trump claims I hate him because I told the truth about inflation,” he wrote. “He’s clearly not aware of all the times I endorsed his re-election or defended him against unfair criticism and lawfare while Biden was president.”
“If he really wants to make America great again, I’m here to help,” Schiff added.
Bitcoin Critic, Bitcoin Believer
The dispute is not the only thing Trump and Schiff disagree on, as both hold very different views on Bitcoin.
Schiff is one of the world’s most famous Bitcoin skeptics, frequently calling the cryptocurrency worthless and likening it to a “Ponzi scheme.”
The economist has spent the last few years warning his followers that Bitcoin distracts investors from gold, which he promotes as a safe-haven asset.
Trump, meanwhile, has incorporated digital assets into his political messaging and economic platform, promoting U.S. innovation in cryptocurrency markets and attracting pro-Bitcoin voters.
The President has repeatedly claimed that he would like to trade a portion of the country’s gold reserves for Bitcoin, a move that has caused intense debate across the government.
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