Friday, August 21, 2009

Warren Buffett: the Greenback Effect

Warren Buffett had an op-ed piece in the NYT this week. See here. Mr. Buffett is concerned about our deficit:

This fiscal year, though, the deficit will rise to about 13 percent of G.D.P., more than twice the non-wartime record. In dollars, that equates to a staggering $1.8 trillion. Fiscally, we are in uncharted territory.

Interesting to see Krugman and Buffett at odds.

No comments: