Thoughts from the Frontline: Tag = "Stimulus"

Inflation by the Numbers
  • December 17, 2021

Inflation by the Numbers

Milton Friedman famously said inflation is “always and everywhere a monetary phenomenon.” He was right but that short statement doesn’t fully explain how inflation works. It has other causes, too. The period in which he did his most famous research showed inflation was clearly a monetary phenomenon, but I’m not sure he would make the same assertion today.

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