Charlie Munger: Great Depression will be prevented by active government

Of course we’re having a recession. The only question is how big it’s going to be and how long it’s going to last. I think we do know that this will pass. But how much damage, and how much recession, and how long it will last, nobody knows.

I don’t think we’ll have a long-lasting Great Depression. I think government will be so active that we won’t have one like that. But we may have a different kind of a mess. All this money-printing may start bothering us.

~ Charlie Munger, "Charlie Munger: The Phone Is Not Ringing Off the Hook'," WSJ, April 17, 2020