Bill Bonner is the Founder and President of Agora Publishing, one of the world's most successful consumer newsletter publishing companies, and the author of The Daily Reckoning. Bill Bonner is also a frequent contributor to Strategic Investment. Bill Bonner is the author, with Addison Wiggin, of the New York Times business best-seller Financial Reckoning Day: Survivng The Soft Depression of The 21st Century.
The trouble is, just as you can’t tell the difference between a real dollar and an inflationary dollar that was just created out of thin air yesterday, neither can you tell the difference between a real boom and an inflationary one.
A good boom is like the one following WWII. Real money was invested. Production increased. Real savings were spent. Wages increased. Profits increased. At the end of the boom, people were wealthier than they were at the beginning of it.
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