Jan 29, 2008

Bill Bonner on what does and does not create wealth

A word to the wise: you can’t really make people wealthy by resorting to "Zimbabwe economics." A society grows rich by producing things...and saving money. There is no other way. Cheaper credit won’t do it. More consumption won’t help. Printing money – and dumping it from helicopters – is a losing proposition.

~ Bill Bonner, "Zimbabwe Economics," LewRockwell.com, January 29, 2008

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