"Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one."
Milton Friedman
(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"
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Reader comments about this quote:
too accurate, too often. Over stimulating the economy with funny money, while increasing unlawful regulation, escalating enslaving taxes and focusing on a non / lack of grass roots commercial financing aggravates the rising roller coaster of inflation (and economic chaos).
 -- Mike, Norwalk     
    "Their last big mistake". Perhaps they have made it, the back is broken, confidence so low. Nation upon nation falling in the pit they have dug. Taxing the children to death. Turn their tables over, and chase the money changers out of the temple !
     -- Ron w13, Or     
    The hidden tax is when prices of consumer goods go up when the money buys less. Have you checked food prices lately ??
     -- jim k, austin tx     
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