Peter's Blog

Many economists and businesses look to survey data to judge the state of the economy. These data can provide interesting insight and will certainly sway markets, but whether they can actually capture real economic phenomena is up for debate.

Much of the current regime is predicated on the notion that ivory tower intellectuals are capable of determining and controlling the “optimal money supply.” In reality, this is preposterous. All the Fed’s tinkering accomplishes is cultural decline, rising prices, and misplaced anger at the private businesses that serve the economy.

Both the Russia-Ukraine conflict and recent trade policy disputes have permanently embedded organizations like NATO and the World Trade Organization in the news cycle. While many of these organizations, like the WTO and EU, ostensibly liberalize economic policy, the reality is that they usually serve the state’s interest at the expense of individual liberty.

As the nation prepares for Trump’s second term, protectionism and hostility to free-trade are getting a second wind.To preempt the economics behind these ideas, it’s worth revisiting the fact that the government cannot “level the playing field” or create free markets. The following article was originally published by the Mises Institute. The opinions expressed do […]