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When Did New Zealand Start Targeting Inflation? · EconTalk

EconTalk

Milton Friedman on Money

Russ Roberts talks with Milton Friedman about his research and views on inflation, the Federal Reserve, Alan Greenspan and Ben Bernanke, and what the future holds.

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Notes

  1. What Causes Inflation at 4:25

    Inflation is caused by rapid growth in money supply. Full answer

  2. How Is Interest Rate Used to Control the Value of Money at 10:11

    According to Milton Freedman, the Central Bank uses short-term interest to control the value of money by controlling how much trading of securities and bonds… Full answer

  3. When Did New Zealand Start Targeting Inflation? at 15:42

    It started in New Zealand in 1980s, when going through a rough economic period, they did an extremely successful experiment and managed to control country's… Full answer

  4. When Are We Going to See the Next Major Inflation at 19:36

    Governments want to spend money without taxing it, and the only way to do it, according to Milton Friedman, is by printing money, which causes inflation. Full answer

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