Jim Rogers Interview

[Kevin_Kennedy]

Let's talk about Wall Street. Is there anything the government should be doing to fix the economic crisis?

No, the government can't fix the crisis. Everything the government's tried for the past two years has been wrong. That's why the crisis continues. The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption is ludicrous on its face. What they should have done is just let everybody go bankrupt, let the bankruptcy courts reorganize everything. The Japanese tried this approach of propping up zombie banks and zombie companies; it did not work. And it's not going to work in America either.

Q&A: Investment Guru Jim Rogers - TIME