Rogers: 'Bernanke does not understand economics'

Investment guru Jim Rogers has criticised Federal Reserve chairman Ben Bernanke's decision to launch a second wave of QE in the US, saying he "does not understand economics".

Reuters reports Rogers, who launched the pioneering Quantum fund with George Soros in 1970, launched a scathing attack on the QE2 measures Bernanke unveiled on Wednesday. Speaking at Oxford University's Balliol College this week, Rogers said: "Dr Bernanke unfortunately does not understand economics, he does not understand currencies, he does not understand finance. All he understands is printing money. "His whole intellectual career has been based on the study of printing money. Give the guy a printing press, he's going to run it as fast as he can." The Fed will buy an additional $...