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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