- Cafe Hayek - https://cafehayek.com -

Quotation of the Day…

Tweet [1]

… is from Milton Friedman’s February 1963 speech “Inflation: Causes and Consequences [2]“:

Inflation is always and everywhere a monetary phenomenon.

DBx: Although this gem of an observation by Friedman is quite famous, I’ve never before featured it as a Quotation of the Day. Now seems an appropriate time to rectify that oversight.

Milton Friedman [3] was born in Brooklyn on this date – July 31st – in 1912.

Share [4] Tweet [5] Share [6] Email [7] Print [8]