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by darksofa 1092 days ago
Milton Friedman - Only governments create inflation

https://youtu.be/F94jGTWNWsA

“Inflation is made in Washington because only Washington can create money. Any other attribution to other groups of inflation is wrong.”

1 comments

In all advanced economies - majority of money is created by bank loans (including mortgages) rather than by the the central bank.
This has not been true for a very long time.