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Milton Friedman - Only governments create inflation https://youtu.be/F94jGTWNWsA https://youtu.be/F94jGTWNWsA “Inflation is made in Washington because only Wa

Milton Friedman - Only governments create inflation https://youtu.be/F94jGTWNWsA 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.”

GFlaneur 3y ago
In all advanced economies - majority of money is created by bank loans (including mortgages) rather than by the the central bank.
- qeternity 3y ago
  This has not been true for a very long time.