There is a delicious irony in the world of economic policy at the moment. The Asian crisis back back in 1997 and 1998 was brought on by the same things that led to the current crisis in Europe and the US (and the one I believe is coming to China).
February 4th, 2012 | The Daily Reckoning | 1 comment | ContinuedAll Posts Tagged With: "government spending"
Changing Views on the World of Economic Growth and Recovery
What’s new in the world of economic growth and recovery?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
December 13th, 2011 | Bill Bonner | 1 comment | Continued
Are You Ready For The Savings Destruction of the US and Europe?
Here’s our old friend Frank Giustra, writing in the Vancouver Sun about the savings destruction of US and Europe
December 6th, 2011 | Bill Bonner | 0 comments | Continued
Zombified Government Spending
The growth of the last 30 years came from the government spending money we didn’t have. In Europe, the government spent it. In America, households spent it. In Britain, both spent it.
December 6th, 2011 | Bill Bonner | 0 comments | Continued
Cost of War
More on zombie wars… and the cost of war
In a perverse way, a zombie war is a perfect war. A lot of money changes hands. And relatively few people are killed, compared to a real war.
November 4th, 2011 | Bill Bonner | 2 comments | Continued
Spending In Our ‘Defence’…
Like education and health care — and most charitable activity — spending on ‘defense’ is not subject to market pricing. So, you never know if you’re getting your moneys’ worth. As time goes by, ‘defense’ spending becomes spending for a variety of purposes that have little to do with ensuring the safety of the nation or its people.
November 3rd, 2011 | Bill Bonner | 1 comment | Continued
Government Insulation Program an Exercise in Fraud, Waste and Incompetence
Think about that again – the death of four young people is directly linked to government policy – and no one has been fired, lost a job, or held accountable for it at all. If, for example, four diggers were killed in Afghanistan after being sent on poorly planned mission, what do you think the coverage in the media would be like?
April 8th, 2010 | Dan Denning | 24 comments | Continued
Gold is in a Real Bull Market
There are a few old gold bugs around. But the public is not yet talking about gold.
March 9th, 2010 | Bill Bonner | 4 comments | Continued
How Does an Economy Expand When the Banks are Lending Less Money?
We believe the “expansion” reported in the GDP figures is mostly counterfeit. It’s government spending and hot money filtering into the economy.
March 4th, 2010 | Bill Bonner | 0 comments | Continued
Occurences Within Economy Consistent With a Depression
“How can you keep talking about a depression,” asks a Dear Reader, “when the economy is clearly recovering just as it should be.”
February 24th, 2010 | Bill Bonner | 10 comments | Continued
Government Spending Makes People Poorer
In their view, government spending is actually BETTER than private spending. Why? Because it produces nothing of value. Really; we’re not making this up.
January 28th, 2010 | Bill Bonner | 3 comments | Continued
We’re Not Threatened by Inflation but by Depression
It’s fighting the depression that makes people worry. Smart investors and shrewd central bankers are afraid the depression-fighters will go too far…
December 7th, 2009 | Bill Bonner | 2 comments | Continued
Major Premise That Government Economists Can Improve Workings of a Free Economy
That leads people to believe that the feds have pulled off a save…they’ve now got the economy well along on the road to recovery…the recovery is getting stronger as time goes by…
November 12th, 2009 | Bill Bonner | 5 comments | Continued
The Government Bureaucrats of East Germany Exist in the United States of America Today
In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road.
November 10th, 2009 | Bill Bonner | 0 comments | Continued
Harding the Last American President to Deal Honestly With a Major Financial Crisis
Just look up Warren Harding on Wikipedia. The first entry you will find is not the 29th president of the United States of America, but a rock climber with the same name.
October 26th, 2009 | Bill Bonner | 12 comments | Continued
