A man’s wealth can…also be measured by what he doesn’t have and doesn’t want. When he wants little, he is a rich man.
BILL BONNERThe entire world economy rests on the consumer; if he ever stops spending money he doesn’t have on things he doesn’t need — we’re done for.
More Bill Bonner Quotes
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Yes, there are constraints on the way the insiders use their power. There are ‘checks and balances,’ built into the constitution, for example.
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The economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.
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The idea that the harder you work, the better you’re going to be is just garbage. The greatest improvement is made by the man or woman who works most intelligently.
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A teacher is never too smart to learn from his pupils. But while runners differ, basic principles never change.
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I still bother with runners I call hamburgers. They’re never going to run any record times. But they can fulfill their own potential.
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People are upset. They know something is wrong. But they don’t know what. The real explanation is too complicated. They won’t sit still for it. So, they look for scapegoats – the rich…the banks…the Chinese.
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The entire world economy rests on the consumer; if he ever stops spending money he doesn’t have on things he doesn’t need — we’re done for.
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If someone says, ‘Hey, I ran 100 miles this week. How far did you run?’ ignore him! What the hell difference does it make?…. The magic is in the man, not the 100 miles.
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There’s no such thing as bad weather, just soft people.
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Neither limits nor adversity are what ruin men. Under pressure, they handle themselves pretty well. It’s the lack of limits they can’t handle. That’s when they run amok. So, if you really want to see what a man is made of let him think he can get away with something.
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Once vast numbers of people have come to believe the lie, they adjust their own behavior to bring themselves into sync with it, and thereby change the world itself.
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And there are cultural norms and traditional prohibitions. But eventually, the norms and traditions wear off, like painkillers. And then, the pain of raw government begins again.
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Everything you need is already inside.
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I hope the competition will resume, and if it does, you must not think that running or throwing or jumping is frivelous. The games were once your fellow Olympians answer to war – competition, not conquest. Now, they must be your answer.
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Now it is done by the central bankers and Treasury Secretaries themselves. They don’t apologize for it. They don’t hang their heads and contemplate blowing their brains out. Instead, they’re proud of it… announcing that they ‘saved civilization,’ or some such claptrap.
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