Milton Friedman (1912 – 2006) was an American economist and statistician who received a Nobel Prize in Economics in 1976.
In the 1960s, Friedman declared that inflation is ‘always and everywhere a monetary phenomenon’ — a problem of printing too much money.
The 29 second video below explains why inflation is just like alcoholism
Inflation explained: pic.twitter.com/JCwTAYUF0y
— Steve Burns (@SJosephBurns) August 3, 2022
“How I Stopped Worrying
and Learned to Love Inflation”