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A parade of luminaries see huge budget deficits and loose monetary policy leading to higher prices. That group includes Warren Buffett, Marc Faber, and Jim Rogers. “We are certainly doing things that could lead to a lot of inflation,” Buffett says. “In economics there is no free lunch.”
“Governments are printing money everywhere, borrowing stupendous amounts,” he told Bloomberg. “Throughout history that has led to problems…and it will this time too.”