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“I am so afraid at democracy getting the idea you can just print money to solve all problems and eventually I know that will fail…. at the end if you print too much you end up in something like Venezuela” – Charlie Munger, Bitcoin Critic.

“I am so afraid at democracy getting the idea you can just print money to solve all problems and eventually I know that will fail…. at the end if you print too much you end up in something like Venezuela” – Charlie Munger, Bitcoin Critic.



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9 Comments

  1. I honestly think he just doesn’t understand BTC or it threatens what he has already. It is so insane that these guys are so smart, yet don’t accept crypto.

  2. Fiat inflation coming sooner or later. Debt base monetary system can’t last. So you better hedge now with bitcoin or hard assets. Fiat in the bank will make you poor.

  3. This quote, though… is actually true when having to do with fiat currency. You can’t multiply something into abundance and expect its value to remain the same as when it was scarce.

    Perhaps I’m missing the point of the quote, though.

  4. These ol boys can see the writing on the wall.

    …they might be old and not interested in embracing new fandangle technology (I certainly wouldn’t at that age), but the inescapable problem remains the same.

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