Peter's Blog

Herbert Hoover: Rethinking the Free-Market Narrative

As this country approaches recession territory, interventionist myths about past recessions will only gain traction among the media and political class. One particularly egregious example– President Hoover’s role in the Great Depression– needs to be corrected.

Is US Debt the Catalyst for an Economic Crisis?

As the stock market slumps and the economy shows signs of recession, the Trump administration is preparing for an economic detox. But just how did the economy get here? What drives the business cycle?

Blueprint for Dismantling the Fed

Austrian economists agree that the Fed drives both inflation and the business cycle and is accordingly responsible for the Great Recession and our current economy. Given the Fed’s current policy path and America’s political climate, what’s the best way to end the Fed?

International Organizations Are Beyond Reform – Abolish Them

Both the Russia-Ukraine conflict and recent trade policy disputes have permanently embedded organizations like NATO and the World Trade Organization in the news cycle. While many of these organizations, like the WTO and EU, ostensibly liberalize economic policy, the reality is that they usually serve the state’s interest at the expense of individual liberty.

Unmasking the True Culprit Behind the Next Recession

Recent market turmoil has signaled a coming recession, and both sides of Washington, D.C. are already spinning narratives to blame their political enemies for the business cycle. As the economy shifts into recovery mode, remember that the establishment has no interest in actually addressing monetary expansion, the true cause of recessions.

EU Uses War to Justify More Debt

Trump’s relatively anti-war approach to foreign policy is a breath of fresh air, but his attitude is not popular among certain European leaders. The president’s latest comments on NATO, in particular, have spooked the EU into funding military expansion by debt, reminding the world of the age-old connection between central banking and war.

Tariffs Uncovered: Bastiat’s Insight into Hidden Costs

Another week goes by, and rumors of new trade wars ebb and flow. Tariffs are a perfect example of economist Frédéric Bastiat’s concept of the “seen and unseen.” Protectionists tout tariffs as a way to protect American jobs, but they fail to see the subtle, slower effects of their policies that ultimately make Americans worse […]

Unmasking Trump’s Hidden Treasury

As Trump’s crypto and sovereign wealth reserves gain momentum, free-marketers should recall that such measures, while perhaps a temporary improvement, are not the key to a healthy economy. If Trump wants to fix the economy, he should focus on fixing the debt and hardening our money.

Tariffs: A Hidden Tax on Prosperity

With Trump’s latest batch of tariffs taking effect on March 4th, the American consumer is in for an economic beating. Just like any other tax, tariffs make us poorer.

Federal Contractors Are Just Another Form of Government Waste

Elon Musk’s Department of Government Efficiency (DOGE) continues to make headlines, with the bureaucratic class panicking over its possible demise at Musk’s hand. DOGE’s goals are laudable, but the department should prioritize eliminating wasteful services completely, not replacing them with pseudo-private actors.