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
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This page presents the quote "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.". Author of this quote is Milton Friedman. This quote is about output, money, rapids, phenomenon, inflation, quantity, increase, monetary, investing,.