There Are no Free Marketers in a Recession
Peter went live on X Spaces on Tuesday to comment on President Trump’s address to congress and take questions from his followers. Peter offers his thoughts on ongoing economic instability, gold’s long-awaited rise, and mounting inflationary pressures. He also comments on the recent Trump-Zelenskyy debacle and Trump’s renewed tariff pressure.
Peter opens the conversation reflecting on the Russia-Ukraine conflict, framing it as a senseless geopolitical quagmire reminiscent of Vietnam:
But I remember when the war first started, I predicted when everybody thought it was going to be over quick, I said, no, this is going to be another Vietnam, this will be like a quagmire. It’s never going to end based on what we’re doing. And now that Trump is here, we finally have a chance, a real chance for peace, which is one of the reasons that I recommended voting for him. The Democrats, unfortunately, are the warmongers and the Republicans don’t like people dying needlessly on both sides.
He then shifts to the domestic economic landscape, predicting significant challenges ahead for stocks and highlighting the unfortunate position of the dollar:
Not only could we easily be in a recession during the first half of Trump’s first year, but we could be in a bear market in stocks, you know, the Russell 2000 at the low this morning was already down 17% from its peak. So it’s close to a bear market, but you know,
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
