When prices surge, politicians scramble to blame corporate greed or supply shocks—anything but their own monetary policy decisions. But Milton Friedman points out that the "cost-push" explanation for inflation is really just the delayed effect of earlier money printing working its way through the economy. Costs don't create inflation; they respond to it. The remedy remains the same as it's always been: stop printing so much money. | Free To Choose Network
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When prices surge, politicians scramble to blame corporate greed or supply shocks—anything but their own monetary policy decisions. But Milton Friedman points out that the
Free To Choose Network. . When prices surge, politicians scramble to blame corporate greed or supply shocks—anything but their own monetary policy decisions. But Milton Friedman points out that the "cost-push" explanation for inflation is really just the delayed effect of earlier money printing working its way through the economy. Costs don't ...
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Milton Friedman Free Market
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