Bill Bonner: Spend it like you stole it

Bill Bonner has a spot of advice for everyone from central planners to politicians and householders: if you have money, pretend you robbed a bank.

The second round of quantitative easing (QE2) is ending in June. But globally, QE3 has already begun. As usual, Japan is the pacesetter. As temperatures rose at its Fukushima reactor, so did Japan's monetary base at the rate of 100% per week! What happens to all this new, hot money? No one knows, exactly. But today, on our back page, we have advice for everyone central planners, politicians, and householders, too: if you have money, pretend you robbed a bank.

From the point of view of a modern economist, nothing stimulates better than a bank robbery. The money leaves the cold embrace of a bank vault; soon every pimp and bartender has his pockets full. Hot money gets around.

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