Inflation spurt monetarism deserves a different look

Milton Friedman has a moment.

As is well known, the winner of the Nobel Prize in Economics, who died in 2006, declared that inflation is always and everywhere a monetary phenomenon. The rising money supply and inflation over the past year have led Mr. Friedman’s supporters to declare, “I told you so.”

https://www.wsj.com/articles/inflation-surge-earns-monetarism-another-look-11655906400?mod=pls_whats_news_us_business_f Inflation spurt monetarism deserves a different look

Luke Plunkett

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