Charlie Munger on inflation⚡️...

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charlie.munger.wisdom

2024-04-27 14:30:06

inflation is a very serious subject you can argue it's the way democracies die so it's a huge danger once you got a populace that learns it can vote itself money
if you look at the roman republic
they inflated the currency steadily for one hundred years and eventually the whole drummer went empire collapsed
so it's the biggest long runs danger we have probably apart from nuclear war there were the next hundred years the currency is going to zero that's my working hypothesis