Uber investor Jim Rogers, chairman of Rogers Holdings, says some European countries are already bankrupt and should be allowed to restructure their debt.

“You need to let Ireland go bankrupt,” Rogers tells CNBC. “Why should … anybody pay for mistakes made by Irish politicians and Irish banks?”

“That is unbelievably bad morality and it’s bad economics as well. Let the bank bondholders lose money, let Ireland reorganize and start over. Propping people up and carrying zombie banks and zombie companies is not going to work.”

Greece, Spain, Portugal, Belgium and Italy are all teetering on insolvency, and the United Kingdom is totally insolvent, says Rogers.

“This is a serious problem we have in the West. Somebody’s got to deal with it," he observes.

Europe’s problems notwithstanding, Rogers says he owns and remains long on the euro. But even though the British pound is doing well, he doesn’t own it.

When asked about the United States, Rogers said that the central bank’s money printing isn’t good for the world, but at least the government isn’t raising taxes.

“I think it is dumbfounding, stupefying, that we have a central bank in the United States that thinks all it has to do is print money,” he says. “That has never worked.”

Moreover, “the price of everything is going up — food, entertainment, education, healthcare … that’s called inflation.”

The Wall Street Journal reports that Federal Reserve Chairman Ben Bernanke has said that the central bank will remain focused on keeping inflation risks low, while suggesting that quantitative easing could be increased to stimulate the economic recovery.