Birdwatch Note Rating
2023-07-06 12:54:37 UTC - HELPFUL
Rated by Participant: 15447209D11665BBFC0856E0F2632924270E3CA0AC264260A4A4DA33ADE8F745
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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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