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Quote from Milton Friedman,


"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."


By:

Milton Friedman (more quotes by Milton Friedman or books by/about Milton Friedman)


(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Source:

A Monetary History of the United States 1867-1960 (1963)

Categories:

Economics, Inflation, Money

Rating:

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