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Milton Friedman Quotes: 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.
         

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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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.

The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.



We live less and less, and we learn more and more. Sensibility is surrendering to intelligence.

We live less and less, and we learn more and more. Sensibility is surrendering to intelligence.



If you want to read a perfect book there is only one way: write it.

If you want to read a perfect book there is only one way: write it.



Not to be occupied with your sin, but to be occupied with God brings deliverance from self.

Not to be occupied with your sin, but to be occupied with God brings deliverance from self.



God is forever using especially young people, not oldies like us, God likes using young people.

God is forever using especially young people, not oldies like us, God likes using young people.



I sometimes think I'm a mechanic. I just take pictures.

I sometimes think I'm a mechanic. I just take pictures.



I just like being a regular person.

I just like being a regular person.



Everybody’s got rights. A man tied to a bed got rights. A man down in a dungeon got rights. A little screaming baby got rights. Yeah, you got rights. What you don’t got is power.

Everybody’s got rights. A man tied to a bed got rights. A man down in a dungeon got rights. A little screaming baby got rights. Yeah, you got rights. What you don’t got is power.



In particular, I wanted to help build a team behind Boris Johnson so that a politician who argued for leaving the European Union could lead us to a better future.

In particular, I wanted to help build a team behind Boris Johnson so that a politician who argued for leaving the European Union could lead us to a better future.



I hate dreaming because when you want to sleep, you want to sleep. Dreaming is work. Next thing you know, I have to build a go-cart with my ex-landlord.

I hate dreaming because when you want to sleep, you want to sleep. Dreaming is work. Next thing you know, I have to build a go-cart with my ex-landlord.




Quote Description


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,.