I do not want our science institutions to be pinching pennies and cutting peer reviewers. It sounds like an invitation to widespread academic fraud.
1. https://grants.nih.gov/grants/policy/nihgps/html5/section_2/...
As for fraud, there's already plenty of it. E.g., https://en.m.wikipedia.org/wiki/List_of_scientific_misconduc...
I'm not sure what your comment was going for here, attempting to dismiss the harm here because the system was already less than perfect?
A solution would be to increase the NIH budget, and pay for more replication studies and more expert peer reviewers to carefully review studies before they are published or before their findings are incorporated elsewhere. Everything that's happening under the current administration is making this problem worse.