“Inflation is always and everywhere a monetary phenomena.” So said the Great Milton Friedman. Now if you're not familiar with Friedman, he is one of the shinning lights of economics in the 20th century. A popular writer, he also hosted a very popular television show on PBS.
Friedman was both a leading theoretician, he also helped bring the dismal science of economics to the common man. Helping to expound many of the concepts that helped propel the dynamic economy of the 1980's and 90's.
And Friedman is speaking to us today.