Milton Friedman

FAQ About Milton Friedman

What did Milton Friedman believe about inflation? Milton Friedman
5 days ago | beth

What did Milton Friedman believe about inflation?

Milton Friedman famously stated that 'inflation is always and everywhere a monetary phenomenon.' He argued that inflation occurs when there is too much money chasing too few goods. Thus, controlling the money supply is crucial to managing inflation rates. His perspectives on inflation challenged the then-dominant Keynesian economics, which suggested fiscal measures as solutions to inflationary pressures.