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Economics Quote by Milton Friedman

“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

Source Book: Capitalism and Freedom, Milton Friedman, 1962

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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