Charlie Munger- Bufffet's second in command- stated the following at Berkshire's annual meeting- in regards to the Fed: "Well they had to hurt somebody, and the savers were convenient.". wow, that is one heck of a statement. How about letting the free market decide who is proverbially punished or hurt? Why should the Fed or anyone for that matter decide who is hurt. Statement's like this lead me to think that Buffet and Munger have devolved from capitalists to nothing but statists. It is pathetic of such formally great men for which I have lost all respect for.
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