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It's not the 11th commandment that printing money causes more inflation, says the Cowboy Economist. He points out Milton Friedman's mistakes. So what does cause inflation? That's in Part 2.This is considered a truism by many, but it just ain't true. There are many things that cause inflation, but money growth isn't one of them. I explain why in the context of Milton Friedman's famous "The Optimum Quantity of Money" paper. [embedded content]
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It's not the 11th commandment that printing money causes more inflation, says the Cowboy Economist. He points out Milton Friedman's mistakes. So what does cause inflation? That's in Part 2.It's not the 11th commandment that printing money causes more inflation, says the Cowboy Economist. He points out Milton Friedman's mistakes. So what does cause inflation? That's in Part 2.This is considered a truism by many, but it just ain't true. There are many things that cause inflation, but money growth isn't one of them. I explain why in the context of Milton Friedman's famous "The Optimum Quantity of Money" paper. [embedded content]
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This is considered a truism by many, but it just ain't true. There are many things that cause inflation, but money growth isn't one of them. I explain why in the context of Milton Friedman's famous "The Optimum Quantity of Money" paper.