Jan 2, 2009

Bill Bonner on government meddling in the economic downturn

The bad news is that government meddlers all over the world are making the situation much worse. They don’t have any choice. They have to react. And the only things they can do are the usual claptrap remedies. More government spending. More giveaways. More bailouts. All they are doing is trying to avoid the ‘creative destruction’ that a real economy needs... and postponing the inevitable adjustments and corrections that must be made.

~ Bill Bonner, "Well... It's Over," LewRockwell.com, January 2, 2009

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