Oct 20, 2010
Financial guru Jim Rogers joins Judge Napolitano on Freedom Watch to discuss gold and the failure of Keynesian economic policies.
“Whenever you print money, people look for a refuge, gold,” says Rogers. He points out that government will blame its mistakes on the press and the people rather than itself.
The investor predicts gold will end in a bubble someday, when everyone is buying. He would rather buy silver than gold now, but owns both.
Rogers calls out the flaws of Keynesian economist Paul Krugman. “He should resign,” advises Rogers. “He doesn’t know anything about economics.” On President Obama, Rogers says he doesn’t understand Economics 101. “He barely knows much about the world,” Rogers argues.