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Milton Friedman - The Nature Of Inflation

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Published on Apr 6, 2012

Professor Friedman looks at the cause and effects of inflation. http://www.LibertyPen.com

Source: Milton Friedman Speaks
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Top Comments

  • ActuarialNinja

    ActuarialNinja 1 year ago

    Three people dislike this video. They are Barack Obama, Mitt Romney, and Ben Bernanke.

    · 58

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  • Tabris Esfahani

    Tabris Esfahani 1 year ago

    Simply knowing his theories has been saving my ass at work (I work in Finance)

    Rest in peace Mr. Friedman, you give me some hope being from Chicago. This place is full of idiots.

    · 18

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All Comments (103)

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  • Tabris Esfahani

    Tabris Esfahani 1 day ago

    I think people confuse falling/rising prices with inflation/deflation

    Inflation is an increase in the money supply-bad

    Deflation is a contraction-bad

    However falling prices are generally considered a positive thing, (consider how cheap technology has gotten over the years) whereas rising prices tend to negatively effect the average person when they get groceries, fill up their cars, etc.

    ·

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    in reply to Dylan Dupont (Show the comment)
  • Tabris Esfahani

    Tabris Esfahani 1 day ago

    about my job? or about Chicago? lol

    ·

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    in reply to madreus (Show the comment)
  • B.P. DHANA

    B.P. DHANA 1 day ago

    i believe all US presidents must have disliked it...

    ·

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    in reply to ActuarialNinja (Show the comment)
  • madreus

    madreus 2 days ago

    Mind to elaborate? I'm interested

    ·

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    in reply to Tabris Esfahani (Show the comment)
  • Dylan Dupont

    Dylan Dupont 1 week ago

    Would you rather have inflation or deflation?

    ·

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  • Phl3xable

    Phl3xable 2 months ago

    That doesn't mean they're not essentially a public institution.

    ·

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    in reply to firstgenchevelleman (Show the comment)
  • firstgenchevelleman

    firstgenchevelleman 2 months ago

    youtube; Alan Greenspan admits federal reserve is above the law.

    ·

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    in reply to Phl3xable (Show the comment)
  • Phl3xable

    Phl3xable 2 months ago

    Yes, I know they are private, but the government controls them.

    ·

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    in reply to firstgenchevelleman (Show the comment)
  • firstgenchevelleman

    firstgenchevelleman 2 months ago

    Nope, completely private corporation. check your phone book.

    ·

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    in reply to Phl3xable (Show the comment)
  • Phl3xable

    Phl3xable 2 months ago

    They constantly print money, and they are a quasi-government agency. The government elects their chairman and other important roles.

    ·

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    in reply to firstgenchevelleman (Show the comment)
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