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