Milton Friedman on Inflation and Money Supply

This clip was taken from the "How to Cure Inflation" episode of the original Free To Choose TV series.  

Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Friedman visits Japan, U.S. and Britain.

To learn more or purchase the entire series, visit http://www.freetochoose.net

Check out our Facebook page here: Facebook: FreeToChooseNetwork

Visit our media website to find other programs here: http://freetochoosemedia.org/index.php

Connect with us on Twitter here: Twitter: FreeToChooseNet

Learn more about our company here: http://freetochoosenetwork.org/

Shop for related products here: http://www.freetochoose.net/

Stream from FreeToChoose.TV here: http://freetochoose.tv/

• #education
• #milton_friedman_academic
• #macroeconomics_field_of_study
• #money_supply
• #economy
• #japan_country
• #inflation_quotation_subject
• #economics_field_of_study
• #economist_profession
• #recession_quotation_subject
• #united_kingdom_country
• #united_states_of_america_country
• #politics
• #government