~ Bill Bonner, "Zimbabwe Economics," LewRockwell.com, January 29, 2008
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
~ Bill Bonner, "Zimbabwe Economics," LewRockwell.com, January 29, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment