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by anythingdude321
1781 days ago
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this is a reference to a famous Milton Friedman quote "inflation is always and everywhere a monetary phenomenon" — of course this is a tautology, but he didn't mean the trivial version when he said it, but rather he was making an empirical claim. in this piece it looks like the author is making the tautological version of the claim, by following up and describing it as "a function of money printing" — which is obviously true it is a function of money printing and several other things |
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