Economics Quote by Milton Friedman
“Inflation is always and everywhere a monetary phenomenon.”
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.
Control money supply to curb inflation.
Themes
Mood
Type
When to use this quote
- government budgeting
- business planning
- personal finance
- policy reform
Key Concepts
Questions to Reflect On
- How do you balance money supply with real output?
- What role do expectations play?
Monetary policy alone may not address supply shocks.