Milton Friedman Quotes

Five Simple Truths Embody Most Of What We Know About Inflation: Inflation Is A Monetary Phenomenon Arising From A More Rapid Increase In The Quantity Of Money Than In Output (though, Of Course, The Reasons For The Increase In Money May Be Various). In Today's World Government Determines - Or Can Determine - The Quantity Of Money. There Is Only One Cure For Inflation: A Slower Rate Of Increase In The Quantity Of Money. It Takes Time - Measured In Years, Not Months - For Inflation To Develop; It Takes Time For Inflation To Be Cured. Unpleasant Side Effects Of The Cure Are Unavoidable.

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