Peter's Blog

Sound Money and Freedom — Two Sides of the Same Coin

If you want freedom, you need sound money. So, argues economist Ludwig von Mises. It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it […]

A Deeply Flawed Monetary Policy Is the Root of This Inflation

We’ve been told inflation is caused by greedy corporations. We’ve been told that inflation is Putin’s fault. Other people just want to blame COVID-19. But are any of these really the root cause of inflation? Economist Dr. Antony P. Mueller says none of these excuses really account for the rash of rising prices we’ve seen […]

Student Loans: Another Government-Created Crisis

There is more talk of student loan forgiveness. Supporters of these schemes argue that the whole system is inherently unfair, although they rarely talk about who would pay for student loan forgiveness. They also seem oblivious to the fact that the federal government created this problem to begin with.

Is There a Case for a Classical Gold Standard?

With the impact of sanctions tanking the ruble, the Russian central bank announced it would buy gold from local banks at a fixed rate. The move had the desired effect. The ruble quickly recovered. But the Central Bank of Russia abandoned the de facto gold standard almost as fast as it implemented it. Why?

Ron Paul: Don’t Blame Putin or Greedy Corporations for Inflation; Blame Jerome Powell

Everybody and their brother is an expert on inflation now. And everybody thinks they can pinpoint the reason for rising prices. It’s Putin! Or maybe it’s greedy corporations. Or was it COVID? As Ron Paul explains, it was none of the above. The blame for this inflationary fire falls squarely on the shoulders of Federal […]

The Quick and Dirty on Inflation

The inflation freight train continues to barrel ahead. Not only are consumer prices at historically high levels; producer prices continue to run ahead of CPI, casting some doubt on the “peak inflation” narrative in the mainstream. Despite the fact that inflation has been running hot for over a year, the mainstream pundits, government officials and […]

Ron Paul: Joe Biden’s Big Government Spending Plan

The annualized interest payment on the $30-plus trillion US national debt increased by over $16 billion in just six months. With the COVID crisis seemingly in the rear-view mirror, the economy allegedly strong, and the Fed raising interest rates to supposedly fight inflation, you’d think this might be a good time for the government to […]

The Fed Can’t Fix the Damage It Has Already Done

Last month, the Federal Reserve raised interest rates by one-quarter percent in its first salvo against rampant inflation. Fed Chairman Jerome Powell has indicated that the central bank will get more aggressive in its inflation fight in the coming months. Conventional wisdom holds that monetary tightening will reverse the impacts of the extraordinarily loose monetary […]

Ron Paul: End the Fed and Get More Doritos

The Consumer Price Index hit a 40-year-high of 7.9% in February. Of course, it’s even worse than that. The official government numbers are rigged to understate rising prices. But inflation doesn’t just hit us with rising prices. In some cases, we pay more, but we get less. This is known as shrinkflation.

CPI Hits 7.9%; And It’s Worse Than That

The Consumer Price Index data for February just came out. It was smoking hot yet again with prices up 0.8% month-on-month and 7.9% on an annual basis. Keep in mind, this was before the big spike in oil prices due to the Russian invasion of Ukraine. And inflation is even worse than the official government […]