Peter's Blog

The recent examples of fraud in Minnesota are one of the greatest examples of government ineptitude and waste in recent memory. Billions of taxpayer dollars were sent directly into the hands of criminals. The weakest in society were taken advantage of those with no regard for human dignity and right or wrong. The fraud was […]

With the Trump administration ushering in a new class of bureaucrats under the auspices of private businessmen, it’s worth recalling why the phrase “government efficiency” is an oxymoron. As the Austrian School of Economics stresses, the key difference between business and bureaucracy is the ability to measure profitability. The following article was originally published by […]

History is replete with examples of major recessions that were ostensibly caused by mere asset bubbles, like subprime mortgages in 2008. The truth, however, is not so simple. In reality, these downturns are exacerbated and often triggered by disastrous government policy, namely excessive spending and the creation of perverse incentives.