"Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation"
- Warren Buffett
About this Quote
This quote by Warren Buffett is describing the financial policies of federal governments in reaction to the international pandemic. He is cautioning that the large amounts of cash being injected into the economy, such as stimulus plans, might have unintentional repercussions. He recommends that a person of these effects could be a boost in inflation, which is when rates increase due to a boost in the cash supply. He is warning that the effects of these policies are unpredictable and that federal governments must be careful when executing them. He is likewise cautioning that the results of these policies may not be seen immediately, however might have long-lasting ramifications.