Making a Case For the Fed As Source of Inflation

Making a Case For the Fed As Source of Inflation
(AP Photo/Jacquelyn Martin)
Milton Friedman famously said: “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 output.” This is what we are experiencing, and it is due to the Federal Reserve's policy since 2008 of…
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