Birdwatch Note Rating
2023-07-06 11:06:22 UTC - HELPFUL
Rated by Participant: 07EB3E6927F563070ABB713A2CE9B4A31E80A318BD30ADCBB8189390CFD62068
Participant Details
Original Note:
Friedman is misquoted here about public spending, he actually said: “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.” https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation#
All Note Details