Charlie Munger on Inflation

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charlie.munger.wisdom

2024-05-08 22:35:27

org or the emblazon
it will be economists of the world
thought they knew a lot more than they did
what has happened is weird
that
responses of the great recession
organizations of the world of printed money like crazy
and have
bought all kinds of
investment assets
and they've done things that nobody in the economics profession would have recommended on this scale
even five or
so years ago
and yet the inflation has been very low
i think we all have a lot to be modest about when we talk about economics
london johnson said that giving a talk on economics
i'm
pissing on your legs as defeats feels hot to you but it doesn't
influence anybody else very much
and i'm afraid i can't do much better than the one the johnson good