Celebrating humanity's flourishing through the spread of capitalism and the rule of law
09 Feb 2018 Leave a comment
in economics
Do see the not in the phrase.
Antonella Tutino and Carlos E.J.M. Zarazaga of Dallas Fed undo the famous Friedman quote in this short note. They say both the recent US experience and German experience in 1920s refute the Friedman quote somewhat. In US case, despite surge in money supply, there is no inflation. And in Germany, inflation was much higher than money supply:
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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