Warren Buffett Is No Fan of Modern Monetary Theory

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(Bloomberg) — Turns out that billionaire investor Warren Buffett doesn’t love Modern Monetary Theory either.

“I’m not a fan of MMT — not at all,” the Berkshire Hathaway Inc. chief executive officer said Friday in a telephone interview, adding that the deficit spending that’s part of the theory could risk “spiraling” inflation. “We don’t need to get into danger zones, and we don’t know precisely where they are.”

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