Rapid Increases In The Quantity Of Money

Inflation Is A Monetary Phenomenon. It Is Made By Or Stopped By The Central Bank.

History Suggests That Capitalism Is A Necessary Condition For Political Freedom. Clearly It Is Not A Sufficient Condition.

Every Economist Knows That Minimum Wages Either Do Nothing Or Cause Inflation And Unemployment. That's Not A Statement, It's A Definition.

If Instead Of Looking At Income, You Look At Levels Of Consumption, If Anything That's Become More Equal. The Fraction Of Families That Have A Dishwasher, That Have A Sewing Machine, That Have A Television Set. In Respect To Consumption, It's Very Hard To Avoid The View That People Have Been Getting More Equal Rather Than More Unequal.

I Can Spend Somebody Else's Money On Somebody Else. And If I Spend Somebody Else's Money On Somebody Else, I'm Not Concerned About How Much It Is, And I'm Not Concerned About What I Get. And That's Government. And That's Close To 40 Percent Of Our National Income.