Birdwatch Note Rating
2023-07-06 04:13:50 UTC - HELPFUL
Rated by Participant: FE1BA4962F1C900697CFA5B3935804F3D2586D669065908FFE08F8A6A93D38B3
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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