Peter's Blog

Modern institutions have embraced the belief that more data, more regulation, and more centralized coordination will always produce better outcomes, but that assumption is increasingly running into its own limits. As bureaucracies drown in information they cannot meaningfully interpret, the very mechanisms built to improve performance begin producing the opposite result, a phenomenon that undermines […]

The Trump administration has taken equity stakes in roughly 30 American companies, effectively turning the Commerce Department into a political venture capitalist rather than a neutral overseer of markets. Critics across the political spectrum warn that this arrangement distorts capital allocation by signaling government backing for favored firms, pulling investment away from businesses that succeed […]

Wars are consistently sold to the public on false or misleading pretexts, and the true beneficiaries are rarely the citizens asked to fight and pay for them but the politicians, financiers, and military-industrial interests who profit regardless of outcome. Statist ideology and nationalism condition people to accept these sacrifices, obscuring the reality that the state’s […]

Socialists rarely abandon their ideology no matter how badly socialist economies perform, and that persistence makes sense once the goal is understood as the establishment of state control rather than genuine prosperity. Even the collapse of the Soviet Union and the ongoing crisis in Venezuela have failed to move true believers, who simply argue that […]

The latest Job Openings and Labor Turnover Survey (JOLTS) showed little movement across the major measures. The Bureau of Labor Statistics reported that job openings were “little changed” at 7.4 million in June 2026, a 4.4 percent openings rate that has barely budged for months. Hiring held at 5.3 million, while total separations stayed near […]

California’s housing shortage did not emerge from free markets failing, but from decades of policy that let neighborhood groups and environmental regulators substitute their preferences for property owners’ rights to build. Discretionary permitting, CEQA lawsuits, and a no-growth ideology born from the 1960s effectively socialized private property, and sky-high home prices in cities like San […]

American citizens, the Fed, and bond markets all know: Inflation isn’t under control. When the Fed prints, they write inflation on the wall. And even if they do everything “perfectly” to return inflation to the target of 2%, that’s just slowing down the pace of their stealing. Your purchasing power is still robbed from you, […]

The Fed insists that a stable price level is the mark of a healthy economy, but stability in the headline number tells us nothing about the money supply distortions happening underneath it. Chasing a two percent target still requires manipulating interest rates and credit creation, and it is precisely that manipulation, not the price index, […]

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

Governments consistently believe they can outlaw the law of supply and demand, and Ontario’s price caps on World Cup resale tickets are only the latest example. The predictable result is not fairer prices but a black market, proving once again that intervention does not eliminate scarcity, it just pushes the exchange underground. The following article […]