Customer Quote by Walter E. Williams
“Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.”
About This Quote
He clarifies that inflation stems from increased money supply, with rising prices being its visible symptom, not the cause.
In simple terms: More money causes inflation; prices rise as a sign.
Control money supply to curb inflation.
Themes
Mood
Type
When to use this quote
- budget planning
- investment decisions
- government budgeting
Key Concepts
Questions to Reflect On
- How does money supply affect your personal finances?
- What policies can mitigate inflation?
Other factors can also affect prices.