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Entries by Michael Pento from 12/2008

Inflation is No Cure for a Recession

| Posted 12.02.2008 | Politics

The recession I have been predicting since 2006 has arrived, but a depression can still be avoided if we cease these silly government interventions and stop trying to inflate the credit crisis away.

A Funeral for the Phillips Curve

| Posted 12.09.2008 | Business

Investors who are banking for a silver lining to this recession may be disappointed by both a continued increase in the unemployment rate, yet stubbornly high inflation.

Should The World's Reserve Currency Yield Zero Percent

| Posted 12.22.2008 | Business

We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.

Is the U.S a Banana Republic?

| Posted 12.30.2008 | Politics

The two hallmarks of a banana republic are very high rates of inflation coupled with substantial government controls over the economy, which lead to high rates of unemployment and poverty.