Charlie Munger: Be afraid when a democracy thinks it can print money to solve all its problems

CNBC/Berkeley Lovelace Jr.

Image of printing press producing sheet of $100 bills“‘I am so afraid of a democracy getting the idea that you can just print money to solve all problems. Eventually I know that will fail,’ Warren Buffett’s longtime investing partner told CNBC’s Becky Quick in an interview. ‘You don’t have to raise taxes, you just print.’”

USAGOLD note:  The next thing you know Buffett and Munger will be stocking up on gold [smile]. . . . . . .

Repost from 5-6-2019

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