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When Are We Going to See the Next Major Inflation

From the episode: Milton Friedman on Money

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.

Sooner or later the government will want more money, and in a world where people don't except a major inflation, is exactly the place where you can successfully have one.

EconTalk · Milton Friedman on Money · at 19:36 · ·Transcript

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