Peter's Blog

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 […]

The Federal Reserve’s first rate hike since 2023 has done little to tame rising prices, with September’s CPI report showing both headline and core inflation accelerating well above the Fed’s two percent target. With wage growth falling short of price inflation for the sixth consecutive month, American workers are watching their purchasing power erode under […]

In Wednesday’s podcast, Peter dismantles the Federal Reserve’s inflation-targeting framework and walks through how recent economic data reveal a much darker picture than the mainstream narrative suggests. He covers everything from the absurdity of the Fed’s “inflation catch-up” policy to disappointing GDP comparisons under Trump, before warning listeners that a historic financial reckoning is on […]

The Fed’s preferred inflation gauge, PCE, has now come in above its 2 percent target for 65 consecutive months, with core PCE running at 3.3 percent year over year in July and CPI up 3.4 percent through August. The dollar has lost 28 percent of its purchasing power since January 2020, and with wages falling […]

Canada’s Consumer Price Index (CPI) rose 3.0% year over year in July 2026, accelerating from June’s 2.8% increase and raising questions about official assessments that inflation has been successfully contained. On a monthly basis, prices rose 0.5% before seasonal adjustment, or 0.3% after adjustment, with prices continuing to rise despite years of supposed monetary tightening. […]

The Bureau of Labor Statistics reported Thursday that its Producer Price Index (PPI) for final demand was unchanged in July, a reading that stands in contrast with the 4.7 percent increase recorded over the past 12 months. Consumer prices showed a similar pattern: the Consumer Price Index (CPI-U) rose 0.1 percent for the month but […]

Federal Reserve Governor Christopher Waller used a speech before the New York Association for Business Economics on July 13th to deliver one of his most direct warnings of the year: core inflation is moving the wrong way, and the Federal Open Market Committee may have to tighten again. After six months of relative calm, core […]

As Kevin Warsh takes over as Fed chair, his stated preference for narrower, trimmed inflation measures is drawing scrutiny, and for good reason. Though it is technically correct that government-driven price hikes from wars, lockdowns, and years of interventionist policy are not “inflation” in the strict monetary sense, Warsh’s push to exclude them from the […]

Inflation’s embers flared again in May, dashing hopes that last year’s price scare was fading. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent for the month, lifting the headline rate to 4.2 percent year-over-year and marking a second straight acceleration. Energy was the chief culprit, and the renewed heat pushed safe-haven […]

The latest inflation reports show price increases surging to multi-year highs across nearly every major category — driven not just by energy costs, but by the Federal Reserve’s continued easy-money policies and the compounding fiscal burden of new wars and runaway deficits. The following article was originally published by the Mises Institute. The opinions expressed […]