Will the government’s War on Capitalism turn out better than their War on Terrorism? Or their War on Drugs? Or their War on Poverty?
May 8th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "capitalism"
The Fed and Congress Did Almost Nothing
But it was a different world back then. To make a long story short, the great boom was just beginning…the Empire was still rising…its currency was still backed by gold…and its books – both federal government registers and national trade accounts – were in balance.
May 1st, 2009 | Bill Bonner | 0 comments | Continued
Depression: A Natural and Recurring Feature of Capitalism
Then, the capitalists lost their money. Big deal. That’s the way it’s supposed to work. Capitalism is inherently dynamic and unstable…full of sturm and drang, boom and bust, creativity and destruction. It’s always prone to blow itself up just when people count on it most.
April 6th, 2009 | Bill Bonner | 2 comments | Continued
Gordon Brown Pronounces New World Order
“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | Continued
Economy Not As Bad As Expected
The world is NOT going to Hell in a handcart. After a long time spent in the handcart, it is finally getting out and standing on its two feet. Americans are beginning to save again. The Chinese are beginning to look for other places to sell their gadgets and paraphernalia.
April 3rd, 2009 | Bill Bonner | 1 comment | Continued
Capitalism Has to Do its Work
Our phone rang yesterday. You know, the hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown?
We picked it up…it was Tim Geithner!
April 2nd, 2009 | Bill Bonner | 0 comments | Continued
Free Market Capitalism, The God That Failed
Free market capitalism is the “god that failed,” writes Martin Wolf. Thus does Financial Times lead off a feeble chorus of lament in its “Future of Capitalism” series. What do we do now? is the question. Can capitalism be tamed? Can it be harnessed? “Yes we can!” says America’s president.
March 23rd, 2009 | Bill Bonner | 9 comments | Continued
Experiencing Hard Work
“Damien really knows how to work. He’s been working hard all his life. Well, just try to find someone like Damien today. Young people don’t want to work at all. And if they get a job, they expect a machine to do all the hard work. They don’t know what a shovel is. You’d have a hard time getting a young person out to help us do this work…
March 17th, 2009 | Bill Bonner | 7 comments | Continued
HOORAH FOR CAPITALISM!
What is wrong with these people? Do they never learn anything? ‘Capitalism has failed,’ they say. ‘We need government to fix the problems…’ The rich hate capitalism because it threatens to take away their money. The poor hate it because they think it keeps them from getting any money in the first place. And everywhere you look, the chiselers are offering bailouts, boondoggles and bamboozles.
March 2nd, 2009 | Bill Bonner | 5 comments | Continued
Come And Get It!
General Motors just reported a loss for the fourth quarter of nearly $10 billion. You can see what good it does to bail out failing companies…the money just goes down the drain. The government gave GM more than $13 billion – there goes the bulk of it.
March 2nd, 2009 | Bill Bonner | 0 comments | Continued
Capitalism and Capitalists
Here at The Daily Reckoning, we don’t particularly like capitalism or capitalists. We just don’t like anyone telling us what to do. So, doing unto others as we would have them do unto us, we make no effort to tell others what to do with their money.
February 25th, 2009 | Bill Bonner | 1 comment | Continued
Return to Magic Mountain
“It’s worse, quite frankly…than everyone thought it was…and it’s getting worse every day,” says America’s new Vice President, Joe Biden. Mr. Biden is talking about something he knows nothing about – the worldwide financial crisis. And this week, a large group of people who know nothing about it are going to travel to Davos, Switzerland, to talk about the financial crisis…
January 27th, 2009 | Bill Bonner | 0 comments | Continued
Stocks Down So Much, Dividend Yields are Beginning to Look Respectable Again
Stocks are down so much that dividend yields are beginning to look respectable again – averaging about 3.8%. For the first time in 50 years, you can get more yield from a stock than from a 10-year US Treasury bond. You remember, stocks were…
November 18th, 2008 | Bill Bonner | 1 comment | Continued
The Last Capitalist in America
Will the last capitalist in America please turn out the lights? How surreal. Less than ten weeks to go remain in the most entertaining presidential election campaign in recent decades. Yet right here in the United States of America, capitalism is reeling. It’s under attack by a bunch of socialist bankers and the politicians whom they’ve purchased to represent their interests…
September 9th, 2008 | Dan Denning | 3 comments | Continued
Why Those Who Praise Capitalism Have So Little faith in It
Everyone is perfectly happy to let capitalism do its stuff – as long as they like the results. But cometh a correction and all of a sudden the press is full of whining pundits and meddling politicians.
May 22nd, 2008 | Bill Bonner | 2 comments | Continued
