This article is from Hillsdale College’s Imprimis. To view the original, click here: Imprimis.
What causes the price of money to fall? The answer is very simple: an increase in the supply of money relative to other goods and services. As the Nobel Prize-winning economist Milton Friedman explained, “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.”
The article Inflation in the United States originally appeared on Imprimis.

This article is from Hillsdale College’s Imprimis. To view the original, click here: Imprimis.

What causes the price of money to fall? The answer is very simple: an increase in the supply of money relative to other goods and services. As the Nobel Prize-winning economist Milton Friedman explained, “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.”

The article Inflation in the United States originally appeared on Imprimis.

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