Lower interest rates encourage borrowing. That’s the whole idea. Debt goes up. Spending goes up. The feds ‘print’ more money to cover their deficits. Prices rise further.
More from Bill Bonner
Budget Busters
Empires usually end their lives with a heady cocktail of too much spending and too much violence. Often, keeping people under control — at home and abroad — becomes the major expense.
Back to the Stone Age
Everybody has his reasons. Ask a murderer why he killed; he’ll have a perfectly sound reason: “He was messing with my girl,” for example. Liars tell their tall tales for a purpose.
Bill Bonner is the editor for

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