Warren Buffett Speaks

Yesterday I informed you about the International Monetary Fund and their view that new tax hikes are coming because of all the recent government spending. Today as a follow-up I thought you should hear from one of the greatest investors of all time.

Take your time and enjoy the read.

The New York Times

Op-Ed Contributor
The Greenback Effect

By WARREN E. BUFFETT
Published: August 18, 2009

IN nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are not necessarily proportional. For example, doubling the carbon dioxide we belch into the atmosphere may far more than double the subsequent problems for society. Realizing this, the world properly worries about greenhouse emissions.

The butterfly effect reaches into the financial world as well. Here, the United States is spewing a potentially damaging substance into our economy — greenback emissions.

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