Inflation is a monetary phenomenon of too much money chasing too few goods.
It’s the result of the Wall Street owned and operated Federal Reserve’s money printing madness.
Since the 2008 financial crisis, trillions of dollars pumped up stock prices to the make super-rich and rich interests throughout the West and elsewhere richer than ever.
Corporate bosses also used Fed created money for large-scale stock buybacks to elevate their valuations.
“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.”
And this from Friedman:
“If you listen to people in Washington, (they’ll) tell you that inflation is produced by greedy businessmen, or it’s produced by grasping unions, or it’s produced by spendthrift consumers, or maybe, it’s those terrible Arab sheikhs who are producing it.”
“(N)one of (the above) produce inflation” because they don’t have a money-producing printing press like the Fed.
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the simplest explanation is often the best
Milton Friedman's original "Free to Choose" series from 1980 is a MUST WATCH.
https://www.youtube.com/watch?v=dngqR9gcDDw
Definitely worth the 10 or hours to watch if not to listen to the wisdom of Thomas Sowell and Walter Williams. Even Donald Rumsfeld was actually speaking some sense in the episode he appeared.