Peter's Blog

Whether one is a fan or a foe of AI, almost everyone believes in its incredible world changing power. What I’m about to tell you might be a shock, but AI will not fundamentally change the way the world works. While it does have some unique capabilities, it is far from the panacea that most […]

The current Federal reserve board chairman and his successor share a very specific trajectory. They both went to an Ivy League for undergrad, got elite law degrees, went into the banking industry, and then transitioned to the public sphere. Their specific path should not be surprising to anyone, but we must critically ask whether people […]

The Federal Reserve is upheld as a scientific and prestigious institution capable of reining in the excesses of an unregulated economy. In public, Fed officials project confidence and candor, but in private they sometimes acknowledge the problems with centrally planning money. The following article was originally published by the Mises Institute. The opinions expressed do […]

The FTC was founded on the premise that collusion can be sustained indefinitely, and only regulation can destabilize it. This hypothesis has been questioned many times and in many different ways, but in the last six years, the FTC has had an unusual amount of utilization, primarily spurred by political motivations. Even the FTC acknowledges […]

While one of the main talking points of Schiffgold is the great damage of national debt, there does exist a positive place for debt in the world. National debt is a problem because it forces the people to bear a risk that they have no desire for or understanding of. The people’s lack of care […]

Most governments that evaluated zero base budgeting and decided not to use it said that it would not be worth the work put into it. This begs the question of, “not worth it for whom?” The governments that actually did zero base budgeting ended up being very satisfied with the results, and this is even […]

Regardless of your system of values, there is one meta-vice that is responsible for a massive share of your discontent with the world as you know it. This is not a vice that has characterized every age, but the last hundred years or so in the western world can be characterized as an increasing growth […]

The central claim of this article is that aside from regulatory barriers, the market will never leave normal people in a worse state than they would be in without the market. This is made to combat the frequent claims that the market is unfair or that people would somehow be better off without it. Workers […]

While Keynesians and any number of control based economists can provide endless reasons to justify government debt, it has proven to be one of the greatest underlying problems undermining the US’s national integrity. Debt has been a contentious national issue, yet no party or politician has been serious about it enough to do anything significant. […]

Most careers today have some possibility of being diminished or replaced by artificial intelligence. This has sparked great fears among many citizens and academics that most people will end up without a job and business elites will keep getting richer. They believe that there will be a vast structural surge of unemployment in which the […]