Peter's Blog

How Tariffs Erode Consumer Choice and Prosperity

Recent data shows the damaging effects of tariffs on the American economy. Protectionist policies make goods more expensive at home, but there’s another less-obvious consequence that also impoverishes Americans: reduced consumer choice.

Long Term Inflation Fears Simmer at 4%

Consumers may be breathing a small sigh of relief, but they’re hardly celebrating. The University of Michigan’s latest “Current versus Pre-Pandemic Long-Run Inflation Expectations” update, released Friday, shows the median expectation for inflation over the next 5 years dipping to 4.0 % in June after topping out at 4.4 % in April. While that is […]

Fed’s Harker Warns Tariff Risks, Debt Threaten Economic Stability in Farewell Speech

Delivering his final public remarks as President and CEO of the Philadelphia Federal Reserve on yesterday, Patrick T. Harker urged caution regarding inflation, tariff policies, and rising national debt, highlighting enduring challenges to U.S. economic stability. The speech occurred at the Philadelphia Fed, marking the culmination of Harker’s tenure before his scheduled retirement at month-end. […]

What Really Solves America’s Debt Woes—And Why Rate Caps Aren’t It

Free-marketers rightly criticize the Fed for manipulating interest rates, which serve as important price signals to entrepreneurs. Many stumble, however, in applying this same criticism to other forms of price controls, such as interest rate caps, which have been revived earlier this year.

Is US Debt the Catalyst for an Economic Crisis?

As the stock market slumps and the economy shows signs of recession, the Trump administration is preparing for an economic detox. But just how did the economy get here? What drives the business cycle?

Can Tariffs and DOGE Eliminate the Income Tax?

Freshly-confirmed U.S. Commerce Secretary Howard Lutnick recently appeared on CBS News, declaring that President Trump aims to eliminate income taxes for Americans earning less than $150,000 per year. Lutnick touted Trump’s vision for tariffs to replace the revenue lost from this massive tax cut.

Unmasking Trump’s Hidden Treasury

As Trump’s crypto and sovereign wealth reserves gain momentum, free-marketers should recall that such measures, while perhaps a temporary improvement, are not the key to a healthy economy. If Trump wants to fix the economy, he should focus on fixing the debt and hardening our money.

Schiff on Trump’s Speech: There are no Free Marketers in a Recession

Peter went live on X Spaces on Tuesday to comment on President Trump’s address to congress and take questions from his followers. Peter offers his thoughts on ongoing economic instability, gold’s long-awaited rise, and mounting inflationary pressures. He also comments on the recent Trump-Zelenskyy debacle and Trump’s renewed tariff pressure.

To Tariff or Not to Tariff?

First there was the first Trump trade war, which appeared to end before it began. Now, a dizzying Round Two has begun of the Trump tariff saga, and it isn’t clear what concessions will be made. But there is a common denominator: things change quickly under a Trump administration, with a rapid-fire news cycle and […]

Tariffs: A Hidden Tax on Prosperity

With Trump’s latest batch of tariffs taking effect on March 4th, the American consumer is in for an economic beating. Just like any other tax, tariffs make us poorer.