Tuesday, August 9, 2011

Warren Buffett gets it!

From FOX Business:
Berkshire Hathaway Chairman and CEO Warren Buffett told the FOX Business Network that S&P’s downgrade of the United States’ triple-A credit rating “doesn’t make sense.”

“Think about it. The U.S., to my knowledge owes no money in currency other than the U.S. dollar, which it can print at will. Now if you’re talking about inflation, that’s a different question.”

So let's talk about inflation! NOT about whether we have the ability to pay off our debt!

No comments:

Post a Comment