Jim Rogers believes the government’s economic policy of intervening with companies verges on communism. Also, Jim Rogers reminds everyone that printing money has never been a solution to a crisis. Below are Jim’s comments on the government’s involvement in several industries:
“America now owns the car industry. America owns the mortgage industry. America owns a lot of the insurance industry. Karl Marx must be somewhere standing up in his grave cheering. And why is that? America has become a socialist and maybe even communist nation in many ways,” Rogers said.“Printing money has been tried many times throughout history in many countries,” he said. “It has never worked in the long term; it has never worked in the medium-term. Occasionally, it has worked in the short term.”
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