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Conventional wisdom says that the government can help (or is even required to) stimulate the economy, especially during a recession. As mounting evidence grows for a recession happening right now, it’s worth examining how this conventional wisdom is completely wrong and backwards. The government is typically the primary cause of recessions.
Last week, Peter joined Kai from the Soar Financially YouTube channel for an interview on the state of the economy, Federal Reserve policy, and the interplay between domestic politics, gold, and inflation. This interview is a great recap of the most important events of 2024, and Peter offers his perspective on what 2025 will hold […]
2025 is staged for a record-breaking year of debt. Although the incoming Trump administration projects an attitude of fiscal responsibility, drastic action will need to be taken to stave off adding trillions to the national debt. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of […]
With the Department of Government Efficiency garnering constant media attention, part of the incoming Trump administration’s messaging centers on reducing government payrolls. While this would certainly improve the economy, President-elect Trump should remember that payrolls are not the only public expenditure that needs to be slashed. The following article was originally published by the Mises […]
In a recent discussion with Darcy Ungaro of The Everyday Investor, Peter challenged the widespread narratives surrounding government spending, the Fed’s 2% inflation target, and the policies that perpetuate these problems. Peter and Darcy highlight the underlying structural issues that plague the economy—massive government debt, intentional inflation, and a citizenry oblivious of the true cost […]
President-elect Trump’s proposed “Department of Government Efficiency” continues to both enrage big government leftists and excite conservatives and libertarians. While there is certainly great merit in shrinking the size and scope of the state, it’s worth remembering that government– by its very nature– cannot be “efficient.” The following article was originally published by the Mises […]
On Saturday, Peter took to his podcast to cover last week’s economic news and political events. In this episode, he discusses rumors of large downward revisions in jobs numbers, the issues with and irony of a state Bitcoin reserve, and the striking resemblance between the government’s spending situation and a Ponzi scheme.
Whenever someone puts forward an idea for shrinking the federal budget, one of the first objections is that it will harm the poorest citizens most. Welfare spending, and other means of support are a massive part of the government budget, yet it doesn’t take a lot of insight to see that the government gives even […]
Donald Trump’s decisive electoral victory has legitimized a new conservative populist economic agenda. While there is great promise in parts of this agenda, it could easily go off rails and devolve into misguided state action. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter […]
Federal Budget: Trump Inherits an Absolute Fiscal Mess – $1.8T Annual Deficit
Current Trends The Treasury has still been issuing tons of short-term debt to finance exploding deficits. In the last 4 months, $1.1T in new debt has been added, with the vast majority being financed by debt maturing in less than 10 years. Over $400B has been debt maturing in less than 1 year. This will […]
