Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that lesson, but then made the opposite error: expanding the money supply too aggressively. The fundamental problem? Central banks keep confusing their mission, fixating on interest rates instead of their actual responsibility—controlling how much money exists in the economy. | Free To Choose Network
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Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that
Free To Choose Network. . Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that lesson, but then made the opposite error: expanding the money supply too aggressively. The fundamental problem? Central banks keep confusing ...
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Economist Milton Friedman famously stated, "Inflation is made in Washington," attributing the root cause to excessive government spending and money creation. His insight remains relevant today as debates intensify over fiscal policies fueling inflationary pressures. Is Washington to blame for rising costs? . . . #MiltonFriedman #Inflation #Economics #FiscalPolicy #GovernmentSpending #MonetaryPolicy #FinancialLiteracy #EconomicStability #washington #usa #unitedstatesofamerica #unitedstates #dolla
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One of Milton Friedman's keen interests as an economist was how inflation—increases in the overall price level of goods and services—affected the economy. At the heart of his theory about the cause of inflation is the relationship between money and the availability of goods and services. Watch this video to learn how Friedman's research revolutionized the way most economists think about money and inflation. | The Fraser Institute
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