Milton Friedman tears down inflation myths

But he's been proven wrong for 40 years now.

@historyinmemes Santa isn’t paying? 😡😡😡😡

@historyinmemes 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

@historyinmemes States have tried this for the last 40 years. 2 total economic collapses bailed out by... The state.

@historyinmemes Glad Elon is tearing down his opponent !

@historyinmemes The ideas of Milton Friedman are the most destructive disease known in modern society.

@historyinmemes Government creates inflation…… Period. This man was a genius 👏

Exhausting. Nobody can follow his logic. They don't even know what inflation is supposed to mean. Price inflation? Total amount of money in circulation?

Govt should be required to run a balanced budget like the rest of us. Deficits should only be allowed in exceptional circumstances (war, pandemic, famine .. ) with a plan to close the gap.

@historyinmemes