Friedman’s message still stands today: inflation isn’t an accident—it’s a policy choice.
Inflation doesn’t come from consumers, workers, or even foreign markets. It comes from one place: the government.
When politicians spend beyond their means and print more money to cover it, prices rise, savings shrink, and citizens pay the price.
Video Transcription
- Yes?,
- In a recent interview of us news and World Report uh Secretary of the Treasury Blumenthal uh blamed our current Rising inflation in a large part on our foreign trade and unions he did however say that the government was little to blame would you like to comment on that.
- Yes..., unfortunately it is one of the defects of our political system that we always put a Secretary of the Treasury and other high government officials into a position in which when they make public statements they are almost driven well what's the word I want to use I want to use a polite word equivocate secretary Blumenthal knows as well as you and I do that inflation does not come from trade unions that don't mean that trade unions aren't grasping of course they are, but they don't produce inflation for one simple reason they do not own a printing press on which you can turn out green pieces of paper the only such printing press is in Washington I say printing press of course in the Modern Age we do it in a more sophisticated way we use bookkeepers and accountants and computers, but it comes down to the same thing inflation is made in Washington because only Washington can create money and any other attribution of to other groups of inflation is wrong consumers don't produce it producers don't produce it trade unions don't produce it foreign chics don't produce it oil imports don't produce it what produces it is too much government spending and too much government creation of money and nothing else. Yes sir.
Before you clap let me point out that the reason why we have too much PR (public relations / prospectus rules) spending and too much printing of money is because you people want it you and I we're citizens we run this country if Congress has been voting higher and higher spending why because it has been politically profitable for them to do it if they have been voting higher spending and not voting the higher taxes to pay for it why because it's been politically profitable to do it we would all like to get something for nothing and so the political process has been leading to Congress increasing spending not increasing taxes and financing the difference by the hidden tax of inflation I think we are unwise but let's not blame the others the problem you know in that famous statement of the cartoonist we have met the enemy and they IS Us.
També
Debt Crisis was Created by Politicians and Central Bankers by Godfrey Bloom https://www.manelaljama.com/2022/01/debt-crisis-was-created-by-politicians.html
Una societat que prioritzi la igualtat per davant de la llibertat acabarà per no tenir cap de les dues | Milton Friedman https://www.manelaljama.com/2025/08/una-societat-que-prioritzi-la-igualtat.html
Vídeo de 2024 de 3.15 minuts
0 Comentaris
Per causa dels recents atacs de missatges publicitaris, els comentaris necessiten verificació.