Comments on: Our Take on Buffett’s Op-Ed

By: dave rowe

dave rowe — Sat, 22 Aug 2009 20:21:39 +0000

I don’t understand why the 2.03 trillion dollars of “quantative easing” by helicopter Ben is never mentioned. $2.03 trillion is 15% of the US GDP and greater than 30% of the total national debt. The fed had to print the money ,isn’t this as infationary as the 1.8 trillion deficit?

By: Chris

Chris — Thu, 20 Aug 2009 05:35:23 +0000

You shouldn’t be confused, he believes governments should intervene in times of crisis, but then remove themselves in the good times.

By: lucy

lucy — Thu, 20 Aug 2009 03:01:55 +0000

Chinese will wake up tomorrow and realize that they have been working for free for the past 10 years.

And need I remind you: they have nuclear weapons!

By: Dean

Dean — Wed, 19 Aug 2009 22:23:21 +0000

I bet ol’Wazza is feeling a bit like those Chinese. Damned if you do and damned if you don’t. For the rest of the world that doesn’t have huge wealth like that, it’s quiet easy to liquidate out dollars and let Buffet and Bank of China worry about what they’re going to do with their worthless paper. Good luck to them

By: Andy

Andy — Wed, 19 Aug 2009 22:10:59 +0000

In the piece Buffett both lauds the governments Keynesian interventions and then uses a damning quote by Keynes himself to warn against confiscatory inflation of those exact policies.

“In fact, John Maynard Keynes long ago laid out a road map for political survival amid an economic disaster of just this sort: “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

Warrens confused, or I am