The Peter Schiff Show Podcast

Presidents’ Day Is a Lie (It’s Washington’s Birthday)

Feb 18, 2026
They unpack how the Uniform Monday Holiday Act and retail sales turned George Washington’s Birthday into the misnamed Presidents’ Day. Stories about Washington’s battlefield survivals, refusal of monarchy, two-term precedent, and leading troops during the Whiskey Rebellion. A contrasting dive into how subsidies and benefit programs can inflate prices across housing, food, college, and healthcare.
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ANECDOTE

Washington Led Troops In Whiskey Rebellion

  • Schiff tells how Washington personally led troops to suppress the Whiskey Rebellion while wearing his uniform.
  • Washington positioned himself at the front, demonstrating leadership by example rather than delegating from safety.
INSIGHT

Subsidies Inflate Prices Via Demand

  • Pepsi cut snack prices after states limited SNAP purchases of junk food, showing subsidies affect demand.
  • Schiff uses this to illustrate how removing government buying power forces companies to lower prices.
INSIGHT

Education Costs Rise Because Of Subsidies

  • Government student grants and loan guarantees let colleges raise tuition because customers can pay more.
  • Schiff argues removing such subsidies would force colleges to cut costs and lower prices.
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