In defense of Bill Bonner, this quote was spoken with tongue-in-cheek as he is an adamant supporter of hard currencies and an honest money system. Until we turn away from fiat money, his statement is absolutely true. Even if America were to return to hard currency, 99% of the rest of the world's currencies will be fiat -- remember Grisham's Law: Bad money replaces good.

Regarding the "America is great because America is good" quote mentioned above by Steve (Raleigh, NC) & John-Douglas (Nassau), de Tocqueville never actually said it -- it is a popular false quote though.

Thank you all for your feedback. The correction has been made.

Thanks, Bill!