From a live interview on CNBC today:
"Buffett says he's not concerned at all about deflation, but does think inflation will be a problem in coming years".Also,
Buffett at 9:14 on the video:"I don't worry about deflation at all . . . we won't see deflation in any significant amount in your lifetime".
"[W]e are monetizing the debt. We are using printed paper to pay our government."Hm . . . I guess Buffett is one of Paul Krugman's "bullies":
"All of this raises the question: If inflation isn’t a real risk, why all the claims that it is?
Well, as you may have noticed, economists sometimes disagree. And big disagreements are especially likely in weird times like the present, when many of the normal rules no longer apply.
But it’s hard to escape the sense that the current inflation fear-mongering is partly political, coming largely from economists who had no problem with deficits caused by tax cuts but suddenly became fiscal scolds when the government started spending money to rescue the economy. And their goal seems to be to bully the Obama administration into abandoning those rescue efforts."
Pull up a chair . . .