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What do you know about inflation? 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 in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending a lot. So what does that mean for the American people? On this episode, we talk about the basics of inflation, what it means for your pocket book, your gas tank, and your grocery bill. This episode shows what happens when too many dollars chase too few goods.
Show Notes:
Heritage Foundation Q&A on Inflation
Specter of Rising Inflation Threatens Future Economic Freedom
Milton Friedman Speech on Inflation
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