Peter's Blog

As AI continues to grow more complex and capable, many are understandably concerned about its economic consequences. The true AI-related danger, however, is not its displacement of jobs, but the regime that will likely emerge to funnel its benefits to the state and its favored rent-seekers. The following article was originally published by the Mises […]

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 […]

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.

As warning signs of recession grow, the political class will increasingly point to misleading statistics as proof of their competency. The most popular economic aggregate, Gross Domestic Product (GDP), is worth nuancing.