Wednesday , April 9 2025
Home / Mike Norman Economics / The Cowboy Economist – Printing Money Doesn’t Cause Inflation

The Cowboy Economist – Printing Money Doesn’t Cause Inflation

Summary:
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]

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)

Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained

Lars Pålsson Syll writes Schuldenbremse bye bye

Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.

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.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *