Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.


Money Mischief: Episodes in Monetary History (ed. Houghton Mifflin Harcourt, 1994) - ISBN: 9780547542225

Milton Friedman Quotes

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.