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Inflation is always and everywhere a monetary phenomenon.

“Inflation is always and everywhere a monetary phenomenon.” quote by Milton Friedman
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“Inflation is always and everywhere a monetary phenomenon.”

Milton Friedman

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Inflation stems from monetary factors, not from other economic variables.

In simple terms: Inflation is a money issue.

Key Takeaway

Control money supply to curb inflation.

Themes

economics monetary policy inflation

Mood

analytical concise neutral

Type

economic theoretical

When to use this quote

  • government budgeting
  • business planning
  • personal finance
  • policy reform

Key Concepts

macroeconomics price stability central banking

Questions to Reflect On

  • How do you balance money supply with real output?
  • What role do expectations play?
A Different Perspective

Monetary policy alone may not address supply shocks.

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