Everybody wants wealth, power and status. (The rich are just better at it.)Bill Bonner on Misunderstanding Capitalism
They want to get it in the easiest possible way.
And the easiest way is to take it away from someone else.
That’s what government does. It allows the rich to get rich...supporting their stocks and real estate holdings with artificially low rates and expandable paper money. Then, when the rich go too far, it bails them out with even lower rates and even more ersatz paper money. The rich get their dividends; the politicians get their sinecures and campaign contributions; the middle classes lose their jobs, their houses, and their standards of living.
The masses never even try to figure this out. They only know that the game is rigged against them...and they get angry.
Imperial Delusions - Bill Bonner is a “literary economist”. I admire his ability as a writer. He has some sensible things to say about economics too. I have just started readin...
13 hours ago