Episode 153 – Free To Choose 1980 – How to Cure Inflation (Podcast)
Free To Choose Media Podcast
English - December 09, 2021 13:39 - 25.5 MB - ★★★★★ - 123 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Inflation results when the amount of money printed increases faster than the creation of new goods and services. Money is a ”token” of the wealth of a nation. If more tokens than new wealth are created, it takes more tokens to buy the same goods. Milton Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Today’s podcast is “How to Cure Inflation.”
Inflation results when the amount of money printed increases faster than the creation of new goods and services. Money is a ”token” of the wealth of a nation. If more tokens than new wealth are created, it takes more tokens to buy the same goods. Milton Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Today’s podcast is “How to Cure Inflation.”
