Berkshire Hathaway's Warren Buffett, via CNBC:
Pointing out that there's been a "massive" government stimulus of the economy since the economic crisis began, Buffett says he thinks that the nation doesn't need as much fiscal or monetary stimulus as it is getting now.
Asked if he's calling for an end to the Federal Reserve's QE2 program of asset buys, Buffett says that while he has "enormous" respect for Fed Chairman Ben Bernanke, he doesn't think the nation needs more stimulus right now.
As he has in the past, Buffett warned that the U.S. is "following policies that will lead to lots of inflation down the road unless changes are made." He calls inflation the "ultimate tax" and thinks budget deficits around 10 percent of GDP are too high to sustain.
