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Rogue Economics/Bill Bonner/10-27-2020
“The feds fly to the rescue with jackass programs. The number of zombie workers… and zombie businesses – all supported by zombie money – increases, making it even harder for genuine, real economic growth. Tax revenues fall as expenditures rise. What can the feds do but “print” even more of the zombie money? This formula – wreck the real economy with wars, lockdowns, controls, excess spending, and pernicious incentives… and then try to shore up what is left with ‘printing press’ money – is a classic.”
USAGOLD note: Some very strong opinions on the current state of affairs from Bill Bonner ……
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