Peter's Blog

The Model Behind the Madness

Central banks typically make decisions based upon the NK (New Keynesian) model. Its goal is to provide a framework to understand how interest rate decisions end up affecting the various measures of an economy’s performance. It differs primarily from the RBC and Neoclassical models in that it includes the real short term effects of monetary […]

Building a Better City: Why Markets Are Our Best Architect

What if the key to solving our urban crises, such as housing shortages, traffic congestion, and wealth inequality, lies not in more government intervention, but in the principles of free-market economics? Market urbanism offers a bold vision for our cities, one that harnesses competition and individual choice to create livable, thriving environments. As traditional planning […]

After Halloween, the Economy Could Get Spooky

The presidential election is on November 5th, and radical economic promises abound. The very next day, the Fed will meet to decide on more interest rate cuts. Gold and silver are holding all-time highs. With all these factors and more, after Halloween, we will see just how spooky things can get for the US economy.

Plans to Interfere with U.S. Elections Underway, Microsoft Says

Emennet Pasargad is an Iranian cyber company, thought to be in the pay of the Iranian government. To thousands of unsuspecting Americans, however, they portrayed themselves as violent members of the Proud Boys. And they came with a threat: “Vote for Trump on Election Day or we will come after you.”

American Horror Story: How We Create Our Own Worst Nightmare

A simple internet search confirms the overwhelming buzz in the air: Americans across the board are more concerned with the economy than any other political issue. This concern is overwhelming across both aisles, seems to be growing, and has remained a large issue for years. Recent polling data shows that when combined, concern about inflation […]

Patently Absurd: Why U.S. Innovation Protection Falls Short

Patents provide vital incentives for innovation. Without these protections, the profit motive that fuels creativity starts to fade. Yet time and again, the U.S. has failed to provide a fair and consistent structure for this productivity to thrive.

To Keep Prices Low, California Will Raise Prices

California Governor Gavin Newsom signed a bill this week that could force local refineries to stockpile fuel, a move he believes will smooth long-term gasoline prices.

Kamala’s “Opportunity Agenda” Will Be Disastrous for African Americans

With Kamala Harris rapidly fading in polls among African-Americans, her campaign just released a desperate “Opportunity Agenda” for black men outlining policies that will have disastrous economic consequences. Ironically, the consequences of “forgivable loans” are likely to be the most damaging to the very same groups that she’s claiming to help.

Sugar-Coating Failure: How Protectionism Sours the American Economy

A dangerous narrative has taken hold in some political circles: the idea that protectionist policies can revive American manufacturing and bring back jobs. 

Boeing Strikes Bode Ill for the U.S. Economy

“No” is Boeing’s final word to union workers, who say they plan to remain off work for the “long haul” after the company walked away from the negotiating table.