Money and Inflation: What Milton Friedman Had to Say, back in 2016.

Money and Inflation: What Milton Friedman Had to Say, back in 2016. by The Elephant's Child

March 18, 2022, 7:21 pm
Filed under: Politics

Inflation is blamed on many things. But it has only one cause: It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often, it does so to enable the government to pay its bills without raising taxes. There’s only one real cure for inflation. It is a cure that’s easy to describe but difficult to apply: The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. Recorded at University of San Diego & San Diego Chamber of Commerce ©1978 /

Thought you might be interested in what one of our best financial minds had to say back then.

Leave a Comment

Leave a Comment so far
Leave a comment

RSS feed for comments on this post. TrackBack URI