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News Link • Economy - International

Imagining a Universe Without Central Banks

•, By Bill Bonner

Yesterday, the saints at central banks in China, Europe and the UK said they would perform what could only be a miracle. The world economy wheezes, rattles and shakes because it has been poisoned by too much debt. The central bankers offer a cure — more debt!

“Central banks take action,” is the headline in today’s Financial Times. “Moves to stimulate global economy,” the FT described them.

But what really got our attention was the ‘god particle’ story. Without it, say the scientists who tracked it down, we wouldn’t exist.

Of course, you could say that about a lot of things. Without air, we wouldn’t exist. Or water. Or sunlight.

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