THE GHOST OF MILTON FRIEDMAN IS HAUNTING PRESIDENT BIDEN

“…In a puzzling statement when he was running for the presidency, now President Joe Biden said “Milton Friedman isn’t running the show anymore.” Quite what he meant by that is anyone’s guess, but as Americans sour on his presidency in response to rising inflation (among other things), Friedman is having the last laugh.

One of Friedman’s most popular quotes is:

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…”