Peter's Blog

While the US government has a strong incentive to have its people prepared for war and crisis, it has effectively decreased their preparedness for anytime the world does not go “business as usual.” The state has many peace time initiatives that have actually greatly inhibited the ability of people to sustain themselves when traditional supply […]

On Monday President Trump signed an executive order that temporarily keeps additional duties on Chinese imports from snapping back into force, extending a 90-day tariff reprieve that would have expired just after midnight on August 12. The new directive, “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with the People’s Republic of China,” pushes […]

The American services engine came more than one point under expectations but stayed in the green by the slimmest of margins last month, even as price pressures roared back to life and trade frictions deepened. The Institute for Supply Management’s Services Purchasing Managers’ Index (PMI) came in at 50.1 for July, just a whisker above […]

Recent data shows the damaging effects of tariffs on the American economy. Protectionist policies make goods more expensive at home, but there’s another less-obvious consequence that also impoverishes Americans: reduced consumer choice.