Tuesday, July 16, 2013

The Depression Is the Recovery

Jim Rogers channeling Rothbard in the China Daily.

"An economic slowdown is like a forest fire (that gets rid of the underbrush) in a forest. It's terrible at first, but then it cleans out the excesses of the current system, and everyone will be better off when the economy starts over from a sound base," said Rogers in an exclusive interview with China Daily. "It's happening in China at the moment as the government stays tight to cool things down. But I think it's a good thing," he added.  - in China daily

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