Now, the feds have intervened in the economy too. And, likewise, they are trapped. By pumping in trillions of dollars – not just in America, but also in Britain and China (which have both intervened even more forcefully)…
September 21st, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "governments"
England Sinks Deeper into Depression in Decade of Pain
“Decade of pain predicted for public services,” was the headline on Friday’s Guardian from London. The reason for the decade of pain is the obvious one. Tax receipts are down – because of the depression. Governments are caught in a bind.
July 28th, 2009 | Bill Bonner | 0 comments | Continued
The Greatness of a Depression is Commensurate to the Government’s Efforts to Prevent It
“The crisis did not come about because we issued too little money but because we created economic growth with too much money, and it was not sustainable,” explains Germany’s chancellor. She went on to suggest that maybe we shouldn’t repeat the errors of the past.
May 4th, 2009 | Bill Bonner | 5 comments | Continued