Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)
Free To Choose Media Podcast
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Inflation Is Made in Washington Because Only Washington Can Create Money
Inflation is made in washington because only washington can create money. Trade unions don't produce it. Foreign sheeks don't produced it. Oil imports don’t produce it. What produces it? It's toomuch government spending and too much government creation of money and nothing else. The political process has been leading to congress increasing spending, not increasing taxes, and financing the difference by the hidden tax of inflation. We would all like to get something for nothing.
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