Milton Friedman wrote some memorable lines that have entered the lexicon of economic quotables. While true, Friedman's classic statement doesn't tell us anything about what drives the growth of the money supply that fuels inflation. In hyperinflations, the "printing presses" go into overdrive.
Milton Friedman wrote some memorable lines that have entered the lexicon of economic quotables. While true, Friedman's classic statement doesn't tell us anything about what drives the growth of the money supply that fuels inflation. In hyperinflations, the "printing presses" go into overdrive.
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