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Back to Milton Friedman on Money, with Milton Friedman.

When Did New Zealand Start Targeting Inflation?

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 inflation to ~3%

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Milton Friedman on Money ·

EconTalk

More from this episode

  1. What Causes InflationInflation is caused by rapid growth in money supply.
  2. How Is Interest Rate Used to Control the Value of MoneyAccording 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…
  3. When Are We Going to See the Next Major InflationGovernments 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.

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