Thursday, October 25, 2012

Governments Are Terrible At Engendering Prosperity And Wealth

In reference to statism, I certainly don`t want to be misunderstood. I`m no anarchist. There are many legitimate functions governments must handle, mostly involving public safety, such as those of national defense, police and fire protection, air traffic, the inspection of buildings and food, and flood control. It`s just that after a century of experiments we can now see clearly that governments are terrible at engendering prosperity and wealth. - in Investment Biker

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).