Peter's Blog

With the latest 12 month CPI figure coming in at 3.3%, it’s clear that inflation is alive and well. What’s less clear to the public is the fact that inflation is a policy choice– an intentional political act meant to rob citizens of the benefits of falling prices. The following article was originally published by […]

On Tuesday, Peter appeared on a Zero Hedge debate with Michael Every and Dave Collum to lay out the economic consequences too many policymakers ignore. He argues that decades of monetary expansion, rising deficits and now war spending all point to higher inflation, a weaker economy, and a meaningful re-rating of assets — especially in […]

Accessing gold, for most traditional investors, means being constrained by the hours and limitations of traditional markets. You can meet anyone at any time to trade dollars for gold in person, or order from a broker in the middle of the night, but only by expending significant energy and effort for a transaction that is […]

Last week, the Supreme Court struck down the Trump administration’s unconstitutional and economically destructive tariffs. But, as the White House seeks to impose new trade restrictions through other avenues, it’s worth reexamining why trade policy and inflationary monetary policy typically go hand-in-hand. The following article was originally published by the Mises Institute. The opinions expressed […]

Earlier this week, Peter appeared on the Sanchez Effect for an interview with Rick Sanchez. Together they sift through the international fallout from America’s fiscal and monetary choices and explains why other countries are actively trying to reduce their exposure to the dollar. Peter connects that trend to production, trade balances, the enormous off-balance-sheet liabilities […]

In a free market for money, monetary policy would be unnecessary, with market forces governing the production and use of money. In the current monetary landscape, monetary policy constitutes a coercive, redistributive, and intentional force that benefits the political class at the expense of everyday consumers. The following article was originally published by the Mises […]

One way that inflation-prone fiat currency took over the monetary system was legal tender laws, which obligate private citizens to accept currencies like the dollar even when they don’t want to. Without these policies, weak and eroding currencies would fall to the wayside, and more stable currencies would replace them. The following article was originally […]

Last week, Peter joined David Lin to discuss recent action in markets and politics. He starts by explaining why the global rush into gold is not a speculative fad but a structural shift in the monetary system. He then lays out the market evidence, the historical context, and the fiscal realities that, in his view, […]

A new round of tariff announcements from the Trump administration sent markets reeling, with cold coming down from its all-time high over $4,050, only to settle above $4,000, signaling collective doubt in the system itself as investors rush to protect themselves with hard assets.  Collectively, markets are reaffirming gold’s role at the center of sovereignty, […]

Through its insistence on controlling the money supply, the modern state has turned coin clipping and rank monetary debasement into exalted progressive doctrine. The state’s printing of new money seems like a “free lunch,” but we all know that there’s no such thing. The following article was originally published by the Mises Institute. The opinions […]