"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money th

"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." - Milton Friedman One need look no further than the correlation between M2 growth and house prices to see this in action. For the Keynesians and MMTers in the room, downvote me if you must, but please read this before you do: https://www.econovis.net/post/house-price-vs-money-supply-in-the-united-states-1980-2023 https://www.econovis.net/post/house-price-vs-money-supply-in...