My thoughts on his comments:
1. Economics is one thing that will surely and steadily lead the person not following its laws to destruction. His example of U.K going bankrupt is shocking and startling!!! I must also now explore the contribution of U.K's growing bankruptcy on its India operations and how much of a factor it was in our gaining independence.
2. "(Q): What if Thatcher had never come to power?Rogers: Who knows, because the U.K. was in such disastrous straits when she came in. And that’s why she came to power…because it was such a disaster. "
Truth is an extremely potent and lethal weapon. In the long run, the person with the RIGHT fundamentals will gain power. But in the short run, people like Thatcher, like Hayek, like Rogers, like Buffett, will get a raw deal, be the laughing stock, till the disasterous policies of crooked/incompetent men brings about the disaster that these men could foresee.
But the most interesting thing about this whole crisis is that men who've taken the pains to see correctly and without bias need a disaster for others to see their value. In the short run the only course available to them to is to stick to their guns, no matter what the cost.
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