In this video, Warren Buffett discusses the current state of inflation in the US economy. He talks about how prices are increasing across various industries, including housing, steel, and carpets. He also mentions how the current situation is not price-sensitive and how the economy has adapted to the changes. Additionally, he explains the impact of inflation on fixed-dollar investments and the cost of external debt. He concludes by discussing the idea of taxpayers paying for government policies and the loss of purchasing power that future generations may face.
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