Charlie Munger, billionaire investor and longtime business partner of Warren Buffett, issued a stark warning on the persistent price pressures gripping the U.S. economy, saying at a Wednesday event in Los Angeles that inflation was a “huge danger” and “possibly the way democracies die.” The 98-year-old Munger made the somber remarks during a wide-ranging discussion at the annual general meeting of Los Angeles-based publication Daily Journal, a company he has led since 1977. “We’ve done something extreme,” Munger said, responding to a question about the impact of the unprecedented levels of pandemic-era fiscal and monetary stimulus. “We don’t know how bad the troubles will be,” he continued, pointing to a Japan-type economic stagnation as one possibility, or “something a lot worse.” He cited the experience of early Greek city-state democracies that deteriorated after demagogues rose to power, in part on an inflationary wave. Latin American countries that printed too much money …