Jim Rogers gives an economic lesson to some talking heads, as he offers his usual brilliant, albeit cantankerous insights into government intervention folly.
It's especially telling when he talks about how in one swoop the government more than doubled the national debt by adding $5 trillion to it, by bailing out Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM). He also mentions it took us well over 200 years to get to the first approximate $5 trillion.
The always-interesting Ilana Mercer adds on her blog how she particularly liked how Rogers told the CNBC (NYSE: GE) anchor "that if she doesn’t understand that taxpayers must not be defrauded to prop-up these fraudsters in perpetuity—she should get another job. Let these fascistic entities fail."
What is your take on this? How do you feel about the stakes connected to the issue?
Jim Rogers Raising Hell
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