Inflation is how ‘democracies die’: Charlie Munger

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#CharlieMinger #Inflation #DailyJournal
Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger weighs in on inflation and the dangers that it poses to democracy.
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One of the best financial minds of all time

KEubanks
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They went a goddamn millennium without the capital city being sacked and damn near another in the east, even though inflation hurt they certainly made out pretty damn good for a pre industrial society and inflation is absolutely not the main reason for Roman “decline” like what

supermoneyball
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Charlie got that idea from Ibn Khaldun.

AxmedBahjad
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Wise man, and the proof is in the pudding. - WW

WanderingWolf
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Everything so costly now and there is no incentive to improvement or to creation. I can feel the right sense of Mr. Munger, what he said is so right.

michaeljin
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your inflation is due to congress' deficit spending, $7.6 trillion in 3 years -all deficit spending. Meaning $7.6 trillion was created out of thin air to fund govt spending

crb
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Lol well not officially zero but 0.01% perhaps in 100 years.

jaemoon
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his right eye higher than his left eye

jonlevert