CryptoX – Cryptocurrency Analysis and News Portal
What Friedman was referring to was not these one-off price increases but inflation, which he defined as a “steady and sustained rise” in the economy’s general price level. This, he argued, can occur only with monetary expansion, which, all things being equal, leads to a cycle of higher prices from a larger supply of money in circulation.
The post Jack Dorsey Is Right About Inflation – Partly appeared first on CryptoX.
