Inflation
The Cause and Evidence of Inflation
Michael Pento | 4 July 2011
My 1988 edition of Webster’s Dictionary defines inflation as follows: “An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level.” These differences are not academic and go a long way toward explaining why economists argue so vociferously.
My 1988 edition of Webster’s Dictionary defines inflation as follows: “An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level.” These differences are not academic and go a long way toward explaining why economists argue so vociferously.
Fed Stimulus Leads to Stagflation
John Browne | 3 June 2011Despite the full onslaught of Keynesian economic policies, including the injection of unheard of sums of printed money into the financial system, state sanctioned accounting tricks, negative real interest rates, massive deficit spending, and debasement of the U.S. dollar, the American economy is slipping back fast towards recession.
Stimulus Wears Off
Michael Pento | 1 June 2011When a country spends in order to stimulate growth it gets the money from three sources: taxing its citizens; borrowing from the existing pool of capital, or borrowing newly created money from its central bank. All three options are economically poisonous.
Silver Set to Soar as Paper Folds?
John Browne | 24 April 2011Gold has always been the reserve asset of choice for central banks and major private investors. But now, as smaller investors become aware that paper dollars are under threat, many are looking towards silver. Taken in aggregate, these smaller investors have enormous buying power. Through ETF's and mining stocks they are not bound by government restrictions on holding precious metals in retirement funds. In contrast to gold, central banks do not hold much silver. They are therefore less able to push down the price of silver by dumping inventory when rising metal prices undermine currency confidence.
S&P Is Late to The Party...Once Again
Peter Schiff | 19 April 2011S&P simply does not have the integrity to honestly rate U.S. debt. The bottom line is that the AAA rating on U.S. sovereign debt is pure politics.
Inflation Destroys Real Wages
Michael Pento | 18 April 2011Economists tend to get a little nasty when you make them feel stupid. The "wage-price spiral" alleged by Keynesian economists is plainly wrong.
No Waiver from Reality for Rep. Weiner
Michael Hurd | 31 March 2011Rep. Anthony Weiner (D-NY) is one of the loudest proponents of ObamaCare -- except for his district.
Fiat Money and The Inflation Knuckleball
Michael Pento | 31 March 2011With nothing of real or lasting value on which to anchor, the value of fiat currencies can always blow away like ashes on a windy day.
Inflation is Here to Stay
Michael Pento | 1 February 2011For me, there is no escaping the conclusion that inflation will continue to surge. Inflation is, after all, the increase in money supply.
Does the Fed Create Money?
Michael Pento | 23 November 2010The deflationists' error is to suppose that because the amount of currency has not grown, the money supply hasn't grown.
Dollars and Crosses
- Jane Orient on Quitting Medicare
- Ayn Rand’s Essay “To Whom It May Concern” Now Online
- Uses and Sources of Gold
- New Book: How to be Profitable and Moral: A Rational Egoist Approach to Business
- Democracy and Self Determination of Peoples: Euphenisms for Mob Rule in the Middle East
- Private Schools for the Poor
- Holleran on Anti-Hero Worship
- Salsman on the Anti-Capitalist Conservatives
- New Website: Checking Premises
- Job Creators: Who Do those Immigrants Think They Are?
