Tuesday, August 31, 2010

Rogers: "Stop Printing Money"



These reporters seem stunned to hear Roger's message which is, in essence, that central bankers can not fix the economy by printing more money. I also enjoy the false alternative proposed to Rogers between so-called "austerity" and "pumping in more money." Evidently, if the government stops spending other people's money on absurd projects this would qualify as "austerity." Instead, I would refer to it as "government stops pissing our money down a toilet - ity." The way out is for government to slash spending, cut taxes, and discover individual rights and free market economics.

3 comments:

Richard said...

I don't know anything about him, but I appreciate his confident insistence.

Doug Reich said...

Richard,

He is a prominent guy in macro investing

http://en.wikipedia.org/wiki/Jim_Rogers

influenced by Austrian school

Harold said...

You might also want to check out Marc Faber.