The Peter Zeihan Podcast Series While I Was Gone, Part 3: Economic Status || Peter Zeihan
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Sep 12, 2025 Explore the economic decisions made during the Trump administration, including nationalizing Intel's stake and halting a wind farm project. Discover controversies surrounding a Federal Reserve board member's firing and allegations against Lisa Cook for false mortgage data. Delve into the impacts of Trump's tariffs on inflation and the clash with the Federal Reserve's goals. Analyze the shift from free market capitalism to a managed demand approach, raising concerns about government intervention and the future of economic models.
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Partial Nationalization Risks Innovation
- The U.S. took a 10% stake in Intel, obligating government funding for R&D and nudging Intel toward national security priorities.
- Peter Zeihan warns this shifts Intel toward being a government stakeholder and risks reducing profit-driven efficiency.
Canceling Wind Project Undermines Trust
- The Trump administration halted the Block Island offshore wind project despite it being 80% complete and financed, killing near-term progress in offshore wind.
- Zeihan argues this undermines trust in federal contracting and jeopardizes Eastern Seaboard power expansion plans.
Pressure On The Fed Threatens Credibility
- Trump attempted to remove Fed governor Lisa Cook over mortgage accusations with no charges, which raises separation-of-powers and institutional independence concerns.
- Zeihan highlights the broader risk: reshaping the Fed to match presidential aims undermines monetary credibility.