If anyone was uncertain that Jim Rogers is an Austrian and something pretty close to a Libertarian, his Radio 4 interview comments today should clear this up. Rogers says this about the bailed-out banks:
"I would have let them collapse. . . Throughout history, people have gone bankrupt, new people have taken over the assets and started over. That's the way the world has always worked, that's the way it should work, what they're doing now has not worked and will not work.”
The IC has a piece on the interview here.
Tuesday, July 14, 2009
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