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.

-Milton Friedman

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Inflation Is Always And Everywhere A Monetary

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.

Topic

Investing

Output

Rapids

More From Milton Friedman

There Is Likely To Be A Lag Between The Need For Action And Government ["an Individual's" Or "a Team's"] Recognition Of The Need; A Further Lag Between Recognition Of The Need For Action And The Taking Of Action; And A Still Further Lag Between The Action And Its Effects

Team

Government

Needs