Inflation, You Feel It, Do You Understand It?
The key point is that government fiscal policy plays a crucial role in both causing and controlling inflation
By Milt Harris —— Bio and Archives--December 21, 2025
American Politics, News | Comments | Back To Full Article
Inflation is something we hear about regularly, and many people know only that higher inflation is bad and lower inflation is good, but what causes it? That question gets a variety of answers depending on who you ask. Milton Friedman is one of my favorite economists. He was not only brilliant (he received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy), but he also spoke in a down-to-earth, understandable manner.
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