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The problem in schooling is that government is spending too much on the wrong things. The problem in health care is that government is spending too much on the wrong things. The end result has been that government has become a self-generating monstrosity.
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Jan 30, 2024 · He confuses causation and correlation. Severe supply constraints can push up prices, increasing the amount of money that needs to be created both publicly and privately to finance purchases. Tax revenues fall behind spending so a deficit opens up as spending tries to keep pace with inflation.
Oct 13, 2024 · To which some will reply that what Friedman actually meant was that governments print money, and then spend the money printed. Supposedly the latter causes inflation.
the money supply, that is over the printing of money by Government and its lending by banks is the key to the cause and to the cure for inflation. Professor Friedman’s views have recently been winning some influential converts among politicians as well as among economists. However, four economists who have not been won
Milton Friedman, the standard-bearer of monetarism, held that indeed government was necessary to create and manage the economy’s currency. As he wrote in the American Economic Review in 1948: Milton Friedman, “A Monetary and Fiscal Framework for Economic Stability,” AER 38, no. 3 (Jun. 1948), 246.
Jul 4, 2000 · From 1941 to 1943, Friedman worked in the Treasury Department’s Division of Tax Research, when government spending soared because of World War II. Until then, people calculated tax due and paid it in quarterly installments the following year.
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This chapter discusses Milton Friedman’s research on the effects of changes in the money supply and government deficit spending on price levels, stock prices and private income.
