Analysis of the supply of money, and in particular of changes in the supply of money, is simple in principle but extremely complex in practice, both in our hypothetical world and in the current real world. Simple in principle, because the supply of money is whatever the monetary authorities make if, complex in practice, because the decisions of the monetary authorities depend on numerous factors.


Ch. 2 The Mystery of Money - Money Mischief (1992)

Milton Friedman Quotes

Analysis of the supply of money, and in particular of changes in the supply of money, is simple in principle but extremely complex in practice, both...

Analysis of the supply of money, and in particular of changes in the supply of money, is simple in principle but extremely complex in practice, both...

Analysis of the supply of money, and in particular of changes in the supply of money, is simple in principle but extremely complex in practice, both...

Analysis of the supply of money, and in particular of changes in the supply of money, is simple in principle but extremely complex in practice, both...