Birdwatch Note Rating
2023-07-06 08:31:41 UTC - HELPFUL
Rated by Participant: 86B6841F2D99E18DAF09D2F35D48270298F04165FD8637F3F534B6A5F953CF03
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#
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