The biggest inflation myths get torn down by Milton Friedman.

Why the free market is so important - Milton Friedman

Milton Friedman: “If the federal government spends $450 billion, but only raises $400 billion in taxes, WHO pays the other $50 billion? Inflation is, from this point of view, a form of TAXATION. The difference is met by printing money or by borrowing from the public.” TRUE! ✅

For the most part inflation is created by someone who does not create any value and has authority to print money. And in most cases it is the government who does that. First they create a deficit and then print money to cover the deficit. Hence increased money supply->Inflation

Milton Friedman said it best: “Keep your eye on how much the Government is spending, because that is the true tax. There is no such thing as an unbalanced budget.”

Fantastic quote by Milton Friedman.

Friedman out here treating inflation myths like piñatas smashing them left and right

I use Dr. Friedman’s teleseries “Free to Choose” as a supplement to my lectures in my Macroeconomics classes. A brilliant man we should have listened to more!

I really did think Santa Claus was paying for inflation though

Who was Milton Friedman?

This man filmed the reaction to bitcoin breaking $100 in 2013