Peter's Blog

Is Capitalism Really to Blame for an Aesthetically Dreary Society?

Whether it is the right criticizing progressive or alternative forms of architecture, or the left criticizing the horrific style choices of right wing pundits, it is an undeniable fact that a lack of beauty is perceived as somehow linked to a lack of virtue. While it is common for party members to cherry-pick specific examples […]

The Fallacy of Planned Obsolescence

Interventionists look for any excuse or pretext to regulate private enterprise. One recent justification for additional regulation is so-called “planned obsolescence,” but as with other reasons for state action, this justification falls apart under close scrutiny. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of […]

Why Socialism Inevitably Ends in Totalitarian Tyranny

Socialists and other interventionists seek an economic system free from what they call “exploitation” and private property. But in reality, socialism inevitably leads to the forceful and violent expropriation of private property for the benefit of socialist planners. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect […]

When Government Owns the Means of Production

With the Trump administration taking a stake in private companies like Intel, many are hailing the “treat the state like a business” approach to governing. But, just like any intervention, public ownership of the means of production is bound to create perverse incentives and lead to wasteful economic activity. The following article was originally published […]

Free Markets: From Competition to Cooperation

Critics of free markets often argue that the competition found in markets is akin to animals in the wild; in the “dog-eat-dog” world of capitalism, they say, people must fight for survival. In this argument, however, lies insidious equivocation. On the contrary, markets are the most effective means for promoting both peace and social cooperation.

Competition: The Essential Driver Behind Every Market Process

The division of labor and specialization in the free market are responsible for the vast wealth the developed world has accumulated over the last two centuries. With monetary and fiscal threats to the market at every political corner, it’s worth revisiting why the market– and the competition that drives it– is so important.

The Modern Myth of “Wage Slavery”

The idea of ‘wage slavery’ unfairly compares today’s suffering job market to historical chattel slavery, using outdated 19th-century arguments to criticize modern work. This oversimplification overlooks the significant improvements in workers’ freedom and their right to work.  Some will choose to work at a lower wage than accept a worse alternative.

Peter Schiff: Inflation and Biden’s Blame Game

During this week’s Super Bowl ads, Biden slammed greedy corporations for inflation. In his most recent podcast, Peter explains exactly what’s happening with inflation, and why Biden’s blame game has it backward.

Peter Schiff Debates Two Socialists on the Debt Ceiling and the Economy

The fake debt ceiling fight rages on. Last week, the US Senate agreed to a small increase in the borrowing limit, but it only kicked the can down the road a couple of months. The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3. Peter […]

Peter Schiff: If They Were Smart, They Wouldn’t Be in the Stock Market

Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism.