Milton Friedman - Only Government Creates Inflation

Video quality	The size	Download

Information Milton Friedman - Only Government Creates Inflation

Title	:	Milton Friedman - Only Government Creates Inflation
Lasting	:	3.16
Date of publication	:
Views	:	163 rb

Tautologies Only government can create deflation Only government can create stagnation After all, only government can issue money
Comment from : Nimrod - all geeky things

The second part is key
Comment from : ironcito

Milfon is a stupid mooron and I will tell you why It's the legal tender laws that allowed fractional reserve banking at the Federal Reserve in 1913 Prove me wrong
Comment from : Alex Marcon

Champion
Comment from : TraindriverNickel

This has got to be staged Everyone is dressed well and acting politely
Comment from : Shoobidy Boop

We need him resurrected to fight these crazies in our time
Comment from : James Arm

ONLY Wow I thought that most of inflation is due to printing money but all those excuses you hear on TV are bs The government is the ONLY reason for inflation
Comment from : MrPorkncheese

FJB
Comment from : Bill Bowman

My hero
Comment from : Alessandro Lagi

absolutely brilliant and what a sense of humour More relevant today, than ever before
Comment from : moule1954

Man! Wasn’t he wrong!
Comment from : Conor S

Friedman was not telling the truth Private banks create all dollars Government prints paper money but sells them to banks ONLY BANKS issue paper money into circulation Proofs at: bank LIES d0t 0rg
Comment from : Wide Hotep

This is why bitcoin was invented
Comment from : markdelej

A young Ricky "the dragon" Steamboat was set to ask another question
Comment from : Tim R

This is wrong banks do also
Comment from : Wise guy Gamer

Genius
Comment from : the virus

we meet the enemy and the enemy is us
Comment from : Mr Bardel

Godwhere are thou oh MILTON?!!!!!
Comment from : Support Team

Objective truth is true for all people or places all time
Comment from : idesofmarchUNIAEA

And who just spent 5 trillion dollars within the last 2 years and wants to spend more?
Comment from : Manuel Sares

Chrystal clear!
Comment from : Magnus Evald

OMG, he was so smart and so many were to stupid to listen
Comment from : NB Geeks Bar and Grill

2022 in a nutshell
Comment from : Sherman Ng

Sorry New guy here So, if the government prints $20B to cover some new pet project, I suspect that money is not dropped off at the White House front lawn in 10,000 duffle bags What happens to that $20B? How does that $20B increase my spending? My paycheck is the same I’m learning Please be kind
Comment from : CloudStreets

Fractional reserve lending creates inflation which is why it's state supported
Comment from : Goonamana

Progressives are nonstop lying about this claiming corporate profits were driving inflation
Comment from : FreeGeorgia

It’s scary how little has changed since 1978…
Comment from : DruDru

We need term limits and make all politicians part time for pay, 6 month employees with no pension and only health insurance while in office Look at these people Fetterman? The guy is not capable, stroke victim
Comment from : HaroldDemy1942

Guess joe Biden and dem voters didn’t see this video
Comment from : Kid Named Barzal Islanders

Look up Japans inflation in the past 20 years and how Japans government debt rose It will tell you everything you need know about this prick Friedman
Comment from : Elias Hardy

Friedman is pure neoliberal evil
Comment from : Elias Hardy

2022 Inflation hit 91 under POTUS JOE BIDEN and government spending brMulti trillion dollar bills
Comment from : Focused Message Marketing

It's inconsistent that some say that expansion of the money supply causes inflation, because the expansion IS the inflation
Comment from : ken

I doubt if it is possible to measure inflation The CPI is a soup with inflation blended in brbrInflation affects all commodities evenly So why do some prices of some commodities go up and others go down? Or why do they not increase proportionally?brbrAnswer: Non-inflation factors affect the CPI simultaneously with inflation And the inflation may be a majority or a minority factor to the CPI
Comment from : ken

Love this video!!! thanks for reposting
Comment from : On The Edge Podcast

Love Friedman, but remember this statement is only correct in the day we live inbrWhen we were on the Gold Standard, inflation could definetly arise outside of government
Comment from : RG

What a genius this guy is His words are echoing through the decades We haven't learned the lesson and never will
Comment from : Asaf Rahm

Legend, we soo need him now
Comment from : Ahmed Al Thukair

Truth Nothing but
Comment from : Mewregaurd Hissyfit

Milton is full of himself, and full of hot air, which are one and the same thing 🤣🤣
Comment from : Anand Powerlifting

“Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink” — Ludwig von Mises
Comment from : Freedomtosayno

Gold is still the constant for value after the last 100years but it has really been much much longerProbably through entire civilisation but I don't have statistics for the the period
Comment from : Gary Atkinson

Actually Federal Reserve and the corporate monarchy created inflation
Comment from : James Miles

"We've met the enemy, and they is us" That is by FAR the most important part of the whole lecture
Comment from : Francho

👍👏💯
Comment from : spitfire red

Russian presidents don't produce it…
Comment from : Ricardo Juliet

Walt Kelley was the famous cartoonist, he put the words in Pogos’ mouth
Comment from : Joe Mahony

This should be mandatory to watch
Comment from : Ricardo Cardoso

They actually changed the legal definition of inflation to suit their agenda
Comment from : The Amazingly Randy

100 true
Comment from : h o

I worked for the government and so did my wifebrTogether we made a great living and so did some friendsbrWe wouldn’t have had it better if we worked at a big company although some friends with education did make it big at the large store chainsbrBig government had 50 percent or more of the workforcebrHow could that be bad, except for all the government employees wanting to be considered as policemenbrThey wanted badges and even guns so they could claim higher pay grades which didn’t work for some and danger pay and language paybrIt became ridiculous
Comment from : Victorio Guedea

Mr Freidman: May I ask if or how the NIH giving the University of Michigan 500 million dollars, and they in turn settling a lawsuit for 500 million dollars contributes to inflation ? Yes, It seems like Michigan is always needing a bailout doesn't it ?
Comment from : james kleinbrook

Well it's 2022brThe left tells us trust the sciencebrSo I will trust Noble Prize winner over Biden's administration on this onebrAlso still not even a single dose of clot shotbrKeep them coming - Washington simpletons
Comment from : abcde12345edcba

the grin on the face of the young man showed he knew Freidman';s answer and just wanted everyone to hear it
Comment from : 6 pack 6 foot 6 figs single somehow

Great Video! Love it!
Comment from : Don Manuel

This is so pertinent today, love his delivery too 😏
Comment from : phantom charger

AS IT IS WRITTEN, THOUSANDS Of YEARS AGO, The LORD GOD & TRUE JESUS CHRIST FOREWARNS Us ABOUT FOOLISHLY CHOOSING MORTAL Mankind (Our EQUALS, Our SIBLINGS) TO BE king or POLITICAL LEADERS & RULERS OVER Us, & THAT They WOULD JUST TAKE & TAKE & TAKE FROM Us & TURN Us INTO Their SLAVES, 1 SAMUEL 8:6-18, etc! * * / / 1 SAMUEL 8:18, And Ye SHALL CRY OUT (CRY OUT TO The LORD) IN THAT DAY BECAUSE Of Your king (POLITICAL LEADERS & RULERS) WHICH Ye SHALL HAVE CHOSEN You; and The LORD WILL NOT HEAR You (WILL NOT LISTEN TO You, BECAUSE You REFUSED TO LISTEN TO HIS WARNINGS) IN THAT DAY! * * GALATIANS 6:7, BE NOT DECEIVED; GOD IS NOT MOCKED: FOR WHATSOEVER a Man (ANY SOUL, ANY PERSON) SOWETH, THAT SHALL He ALSO REAP! * * REVELATION 12:9, ---, and SATAN, WHICH DECEIVETH The WHOLE WORLD (EXCEPT SATAN The ANTI-Christ CAN NOT DECEIVE The TRUE CHRISTIANS THAT HAVE The LORD GOD'S SEAL IN Their FOREHEADS, REVELATION 7:1-8, REVELATION 9:4, etc)! * * / / The LORD GOD & TRUE JESUS CHRIST TEACH Us IN HIS WHOLE WRITTEN HOLY BIBLE HOW TO NOT BE DECEIVED BY SATAN The ANTI-Christ & THIS EVIL & DECEIVED WORLD!
Comment from : fewovercomers

The ancient Mesopotamians experienced inflation with copper and silver ingots at least 1000 years before coins were invented, so his hypothesis is incorrect
Comment from : Jeremy Devor

yes, joe, you created inflation, and now you stand before the people to say that you will be fighting it joe biden created something he can fight now
Comment from : Spanky Harland

Let's Go Brandon!
Comment from : Curtis Bilgray

Basic economy concept is limited resources to meet unlimited desire that causes inflation FRB needs to help the beneficiaries of its system to fulfil their desire
Comment from : Carol Yuen

So it doesn't have anything to do with the indoctrinated masses being willing to pay anything to have their pathetic and commercialized existence validated through materialism?
Comment from : nonconformist

I remember being a kid and asking my dad if the population is increasing where is all that extra money coming from?
Comment from : Robert Shackleferd

Dr Friedman must be rolling in his grave right now
Comment from : TruPatriot12

Here in California we get fucked over by high taxes AND inflation AND people who want everything for free so regular working people barely make anything
Comment from : cookinsdabest

What about reduced supply or outsized demand Either one of those could create inflation Maybe it’s rare that those would lead to long term inflation, but saying that money printing is the ONLY way inflation is created seems false
Comment from : Aaron Harkins

Genius!!!
Comment from : Al Vilar

40 years later
Comment from : double AA

Fueling algor
Comment from : Ragnar Goldstein

Let’s go Brandon
Comment from : Alex

My Hero
Comment from : Jordan Permenter

Wages have stayed stagnant for several years, prices of goods and services have continued to increase That is real pain You either work harder, get a second job or drown
Comment from : drsevrin100

This is why we must buy and HODL Bitcoin
Comment from : caramelo

If you don't come to Friedman on YouTube, you get EVERY imaginable explanation, or lack thereof, of inflation Lib land lies best
Comment from : Frankincensed

Covid
Comment from : SM

I am sorry to say that Milton Friedman is wrong about this Banks can and do create inflation as well because they create money out of thin air with credit (electronic money) They do that so they can change interest on that virtual money, so even the total money will devaluate, a higher percentage of the total will be with them
Comment from : Unga Bunga

Venezuela inflation predicted to hit 1000000 in 2019
Comment from : Harshit Madan

False
Comment from : Suso Medin

I understand how too much printing money creates inflation But how does too much government spending create inflation?
Comment from : 7beers

A sudden drop in the supply of a given product rises its price according to the supply and demand law That is not inflation, inflation is when the money loses its value, because of an increase in the money supply Inflation is a monetary phenomenon, created by governments, and it constitutes a hidden tax on savings Some banking practices are also inflationary, but don't have an impact as profound as the government-created inflation
Comment from : David A

It's not the inverse of supply and demand; it is supply and demand The more dollars there are the less people are willing to give for one
Comment from : Berelore

inflation is the devaluation of purchasing power of a currency in a state you can reduce purchasing power by "printing" more money without increasing the supply, that is the inflation that creates the government, but there can be inflation driven by, for example, oil shocks, or generally speaking, due to any suddenly drops in the production of natural resources
Comment from : Samuele Baggio