Peter's Blog

The Distinctive Principles of Austrian Economics

When analyzing the errors of policymakers, politicians, and pundits, it’s useful to trace their misunderstandings to the source– debunked and fallacious economic theories, such as Keynesianism and Protectionism. The antidote to these mistakes is sound theory– such as that espoused by the Austrian School of Economics– that correctly understands money, entrepreneurship, and the nature of […]

Sound Money, Not Tariffs: The Key to Economic Prosperity

The American economy is under assault from two sides. With inflationary central banks seeking to undermine the dollar and protectionist populists looking to restrict free trade abroad, it’s crucial for the incoming Trump administration to fight for economic freedom on both fronts. The following article was originally published by the Mises Institute. The opinions expressed […]

Printing Power: How Central Banks Fuel State Dominance

This week marks the 111th anniversary of the creation of the Federal Reserve, an institution that has primarily served the interests of the political class and its cronies. With the power to print money continually expanding, it’s worth analyzing the phenomena of central banking throughout history. The following article was originally published by the Mises […]

Is the Fed Loosening, Tightening, or Both? The Policy Paradox Unfolds

For the last two years, the media and establishment political class have claimed Fed policy has been sufficiently restrictive to tame inflation. But with Jerome Powell’s recent admission that inflation is higher than it should be, it’s clear that the Fed has not been hawkish enough. The following article was originally published by the Mises […]

America’s $3.5 Trillion Deficit: A Fiscal Crisis in the Making

2025 is staged for a record-breaking year of debt. Although the incoming Trump administration projects an attitude of fiscal responsibility, drastic action will need to be taken to stave off adding trillions to the national debt. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of […]

Unveiling the Illusion of Knowledge

The Austrian School of Economics is responsible for developing and popularizing the keystone theories of the business cycle and of the origin of money. 50 years have elapsed since the Austrian F.A. Hayek won the Nobel Prize in economics, and it’s worthwhile to revisit his words on the occasion. The following article was originally published […]

Why Prices Don’t Measure Value

In a perpetually inflationary economy, politicians and policymakers love to spread fallacies related to market prices. Whether they’re blaming business for inflation or downplaying the costs of tariffs, they frequently rely on the false premise that prices are somehow “measurements of value.” The following article was originally published by the Mises Institute. The opinions expressed […]

Cutting Federal Workers Starts with Cutting Federal Spending

With the Department of Government Efficiency garnering constant media attention, part of the incoming Trump administration’s messaging centers on reducing government payrolls. While this would certainly improve the economy, President-elect Trump should remember that payrolls are not the only public expenditure that needs to be slashed. The following article was originally published by the Mises […]

The Illusion of Government Efficiency

President-elect Trump’s proposed “Department of Government Efficiency” continues to both enrage big government leftists and excite conservatives and libertarians. While there is certainly great merit in shrinking the size and scope of the state, it’s worth remembering that government– by its very nature– cannot be “efficient.” The following article was originally published by the Mises […]

Tariffs Through an Austrian Lens

In post-election America, tariffs still occupy much of the policy debate surrounding the incoming Trump administration. With leftists arguing in bad faith on one side of the issue and economic populists on the other, we can turn to the Austrian school of economics to understand the tradeoffs at play with protectionism. The following article was […]