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3min chapter
358 - Ethical Investing and tips from Charlie Munger
InvestED: The Rule #1 Investing Podcast
The End of Democracy
Bisco: I think our politicians have the ability to create a high interestry environment that could create a horrible recession. He connected it to these countries where theyhave had huge problems with inflation, which i thought was superinteresting. Sat what he basically said was, with mega inflation comes people not having enough money to purchase things. They've no purchasing power any more, which creates a very unhappy population. Which in a democracy, means that then people will vote in a strong man and that tends to create a dictatorship.
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