You see, dear reader, we do not believe in the perfectibility of man and his institutions. Instead, we see material progress. Man’s machines and inventions get better. But man himself?
March 3rd, 2010 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "bubble years"
China Reduces Holdings of Treasury Securities
The Obama administration announced that it expects $9 trillion in deficits over the next 10 years. One of the great mysteries of our time is: where will the money come from? As we pointed out last week, even if every dollar of US savings is applied to the task…
August 25th, 2009 | Bill Bonner | 4 comments | Continued
Saving Money, Not Spending it, is the Key to Getting Wealthier
Saving money gives you capital. And it’s capital accumulation – in the form of factories, roads, ships, buildings, machines…and raw savings – that gives people the ability to produce more. It may take a man with a shovel a whole day to dig a decent grave.
July 13th, 2009 | Bill Bonner | 0 comments | Continued