Michael Pollaro

Once the economy is deprived of its monetary steroids, the malinvestments will be revealed as wasteful, misplaced capital and labor.

All economists, whether they are of an Austrian, a Keynesian, or a monetarist bent, as well as nearly every investor, would agree that money plays a vitally important role in the economy. And a...

With public held debt already at a spiking 4.1 times gross US savings and an even more eye-popping 23 times net private, state and local savings, one should expect even more upward pressure on US Treasury interest rates as our spend-happy government is forced to expand its take of the public credit market.