Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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To be super clear: when the supply of dollars grows more quickly than the actual, real supply of available goods and services, inflation follows naturally.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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It is, and it isn't.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Sowell's books and writings are excellent. Probably one of my favorite authors. A true GOAT.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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I'm sure Friedman talked about it, but "I, Pencil" was written by Leonard Read
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Friedman really opened my eyes to some early basic Chicago school of economic thought, and I still remember being amazed by the way he explained what it takes to simply make a pencil and division of...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Understand. What is real productivity output.? I'm unfamiliar with that economic term. Do you mean real gdp, labor productivity (per hour) or something else? Also, what measure of money supply are...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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You're omitting the qualifier I already provided: when the money supply grows *faster than real productivity output*, inflation follows.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Not true over the past 30 years. look at money supply growth in 01-02, 08-09, which were extremes.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Incorrect. When the money supply is increased at a rate greater than real productivity output, inflation always follows. The reason why is simple: there are more dollars chasing the same amount of...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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But the prior thirty years saw no relationship between money supply (however you want to define it) and inflation.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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The video version on freetochoose.tv is easier to consume, but this is a great primer. It was one of my favorite shows during my Middle School years, along with Cosmos and Civilization (Lord Ken...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Umm, there IS a strong relationship between money supply and inflation. Observe that over the last 2 years, the Fed has been printing money hand over fist, and now we're facing dramatically increased...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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It would be, if it weren't true.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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That's hilarious.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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He never said that. Nice strawman though.
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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This book by Friedman is primarily focused on economic theory. Krugman used to focus on economics, but anything he has written over the last 20 years has been increasingly unhinged political...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Don't forget Uncle Milton's research and advocacy of the strong relationship between money supply and inflation. That went down the tubes over the last 30 years, but might be in the process of being...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Friedman: “Everybody should pollute the water, air and ground as much as they want, without any government oversight. The free market will make sure that they don’t pollute too much; look at how well...
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Isn’t that precisely what Freidman is doing in this book?
Free To Choose: A Personal Statement by Milton & Rose Friedman (Kindle eBook) $2
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Thread created 04-09-2022 by phoinix
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Who prevented it in a strong, bloated government? Your question itself invalidates your argument. They got away with it for decades over the same period that government budgets ballooned. The concept...
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