Birdwatch Note Rating
2023-07-06 04:12:50 UTC - HELPFUL
Rated by Participant: ECA8A152A81DB6E4ABA5DABA2962BD2A8F668D323B248CC4ECF38528558224BC
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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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