Birdwatch Note Rating
2023-07-07 04:52:43 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 91466B79FC2833C8BA749CFBEE2A9B903B42A9B8994642407596CCFDE7A851BD
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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