Peter's Blog

Is Government Intervention the Solution to the Great AI Replacement?

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 […]

​​The Austrian Mindset and the Ambiguous Future

One of the key tenets of Austrian economics is a deep focus on process rather than outcomes. While many other forms of economic or political theory have a stronger emphasis on results, Austrian economics is unique in that it believes that the best results will ultimately arise from the enablement of good processes rather than […]

An Anthropological Case for Limited Constitutional Government: Part Two

While in the last article, the extremes of two completely different ideas regarding human nature were considered. This article will examine the pros and cons of both systems of government when dealing with the reality, which is a wide continuum of various dispositions with regards to selfishness. Some people are extremely benevolent to the point […]

The Shutdown and the Lying Epidemic

A government shutdown is often more of a spectacle than a reality. The long-term effects are minimal and the workers going without pay are paid as soon as the new budget is put into place. While some capitalize on the inherent, dramatic nature of the moment, most seasoned political vets see it as a bargaining […]

The Cracks in Marx’s Labor Theory of Value

Free-marketers must be constantly vigilant in an age of economic fallacies, chief among them being the labor or cost theory of value. Promoted by Marx and the Classical Economists, this theory fails to explain market prices and the origin of money, and the results of its acceptance are catastrophic.

Elon Musk’s Misunderstanding of Money

For better or worse, Elon Musk has taken a liking to old Milton Friedman videos. On the good side, Musk has embraced Friedman’s distrust of government and money printing. Friedman, however, was no Rothbard regarding the consistent application of ethical and economic principles to the actions of the state. Despite Friedman’s compromises and error-ridden macroeconomic theorizing, there’s […]

Sound Money, Not Tariffs: The Key to Economic Prosperity

The American economy is under assault from two sides. With inflationary central banks seeking to undermine the dollar and protectionist populists looking to restrict free trade abroad, it’s crucial for the incoming Trump administration to fight for economic freedom on both fronts. The following article was originally published by the Mises Institute. The opinions expressed […]

Why Prices Don’t Measure Value

In a perpetually inflationary economy, politicians and policymakers love to spread fallacies related to market prices. Whether they’re blaming business for inflation or downplaying the costs of tariffs, they frequently rely on the false premise that prices are somehow “measurements of value.” The following article was originally published by the Mises Institute. The opinions expressed […]

Tariffs Through an Austrian Lens

In post-election America, tariffs still occupy much of the policy debate surrounding the incoming Trump administration. With leftists arguing in bad faith on one side of the issue and economic populists on the other, we can turn to the Austrian school of economics to understand the tradeoffs at play with protectionism. The following article was […]

Peter Schiff: Gold on Its Way to 2700

On the latest episode of the Peter Schiff Show, Peter highlights the big news of the week: gold set a new all time high price. He also reviews new Personal Consumption Expenditures (PCE) inflation data, comments on Donald Trump’s proposal for a government efficiency committee, and forecasts a return to 2008-era quantitative easing policies.