“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."
Friedman (1970) The Counter-Revolution in Monetary Theory.
In other words, he made the money printer go brrr. Banks don't make the money printer go brrr. Sorry if this doesn't blame banks or Jews enough for you. Note, I'm not a fan of either.
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."
Friedman (1970) The Counter-Revolution in Monetary Theory.
In other words, he made the money printer go brrr. Banks don't make the money printer go brrr. Sorry if this doesn't blame banks or Jews enough for you. Note, I'm not a fan of either.