Peter's Blog

The Core and Curse of DOGE

Every election Americans have been desensitized to claims of cutting spending and somehow getting everything they want at the same time. We expect that candidates will say we can have it all. We hypothetically know that cutting spending and government waste are good things, but they always take second priority to whatever urgent situation or […]

A Brief History of US Tariffs

President Trump says he wants to be “The Tariff President,” fully embracing a longstanding and powerful tool in the economic arsenals of nations. 

Jerome Powell Rejects CBDC, Has No Plans for Rate Cuts

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]

Why We Should Bank Free

Free banking is seen by many as something that should be left in 18th century Scotland. Free banking is where each bank issues their own note that is redeemable for a certain amount of a commodity, typically gold. The value of the note is determined by the assessed probability that that bank will indeed be […]

DeepSeek’s AI Emergence Triggers Record Nvidia Loss and Tech Selloff

Global investors staged a broad selloff in technology stocks on Monday, wiping out a staggering $593 billion in market value from chipmaker Nvidia—an unprecedented one-day loss for any firm on Wall Street. The downward spiral took hold after Chinese startup DeepSeek announced a low-cost AI assistant that rapidly soared to the top of Apple’s App […]

Trump’s Immigration Long Game

Trump‘s border policy was one of the most controversial issues that made him the center of national attention during the news cycle leading up to the 2016 election. His radical and unashamed defense of the American border was shocking to many Republicans and Democrats alike. He seemed to have stepped away from the American ideal […]

The Perverse Incentives Depreciating Your House

While home prices increase in price exponentially, many worry as to whether they will one day own a home. For years the American dream consisted of home ownership and financial independence. The increasing price of homes makes it seem as though only a select group of elites can afford them. The graph below shows median […]

$500 Billion AI Investment Spells Good News for America’s Future

In a bold move that signals a shift towards private sector-driven innovation, President Donald Trump has unveiled a groundbreaking initiative that promises to reshape America’s financial landscape. The announcement of a $500 billion investment in artificial intelligence infrastructure marks a pivotal moment in the nation’s pursuit of AI dominance and economic growth.

China Seeks to Steady the Yuan as Trump Takes Office

China’s central bank moved on multiple fronts this week and last in an effort to shore up its currency, the yuan, which has languished near a 16-month low relative to the dollar. Authorities announced plans to park more U.S. dollars in Hong Kong, increase offshore borrowing limits for companies, and cautioned investors against speculative activity. […]

Jerome Powell Has a Dream: Control Inflation

A recent article in the New York Times is reassuring. It assures us that while the recent CPI print showed inflation was running hot, not to worry! When measured in terms of “core” inflation, which “gives us a better idea of the underlying trend,” inflation actually isn’t so bad. And that underlying trend requires that […]