Friday, August 21, 2009

Essential Reading: Buffett's recent NYT op-ed article

I don't know how I missed this! Assuming I am not the only one who got caught in the busy life, here is Buffett's recent article on the US national debt and the effects of quantitative easing. Here is an excerpt to the full article.


An increase in federal debt can be financed in three ways: borrowing from foreigners, borrowing from our own citizens or, through a roundabout process, printing money. Let’s look at the prospects for each individually — and in combination.
[...]


Enjoy.