Peter C. Earle

Peter C. Earle is an economist and writer who joined AIER in 2018 and prior to that spent over 20 years as a trader and analyst in global financial markets on Wall Street. His research focuses on financial markets, monetary issues, and economic history. He has been quoted in the Wall Street Journal, Reuters, NPR, and in numerous other publications. Pete holds an MA in Applied Economics from American University, an MBA (Finance), and a BS in Engineering from the United States Military Academy at West Point. Follow him on Twitter.

Bitcoin Bests $100,000

If Bitcoin is someday supplanted by another digital asset offering indisputable improvements, its foundational role in seeding and anchoring the cryptocurrency asset class — and in driving trillions of dollars of investment into similar and related assets and enterprises — will remain as significant, if not more so, than its contributions to the present.

Capitalist Profits Do Not Cause Inflation

Capitalist Profits Do Not Cause Inflation

The idea that hundreds of thousands of businesses have colluded to raise prices to boost their profit margins and in so doing, engineered the inflation that continues to afflict Americans — is easily disproven. 

In Defense of “Junk” Fees

In Defense of “Junk” Fees

A government action against “junk fees” will result in the additional fees being bundled into a single, overall price, whether it’s a concert ticket, a new car, or some other item. Ironically or not, the opaqueness of blending all of those fees together makes it much easier to raise any or all of those fees over time.

The Real Record of the Reconstruction Finance Corporation (1932)

The Real Record of the Reconstruction Finance Corporation (1932)

The Reconstruction Finance Corporation (modeled after the earlier War Finance Corporation) was created in early 1932 under the Hoover Administration as what amounted to the “discount lending” facility of the Federal Reserve System: it would lend to financial institutions chartered by states and in rural areas.

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