You can't help but like Jimmy Rogers here and dislike the folks on the left side of the screen. This is very good, simple economics for anyone interested.
Here Rogers calls for an abolition of the Fed. He refers to the bailout as socialism for the wealthy. When asked what he would do as Fed Chairman, he responds - 1. Abolish the Fed 2. Resign. He talks about how it is possible that more money will be spent avoiding a recession than will actually be saved by preventing the recession. He says that theses delays only make the recession worse. On top of that, he asks, what is so bad about a recession, it's a way to clean things up and to start again from a solid foundation.
Until watching this video, I'd heard many good things about Jimmy Rogers, but I'd never heard him speak. What a good first impression he's left me with.
-Allan in BI
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