For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of growth of nominal income. If the quantity of money grows rapidly, so will nominal income, and conversely. The relation is much closer for long than for short periods


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

Milton Friedman Quotes

For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of ...

For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of ...

For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of ...

For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of ...