This YouTube video transcript features Milton Friedman discussing inflation and its cure. Friedman uses historical examples, including the use of tobacco as currency in colonial America and Germany’s post-WWII economic recovery, to illustrate how excessive money growth causes inflation. He argues that controlling the money supply is the only effective cure, a point debated by fellow economists and a congressman in a panel discussion. The panel grapples with the political challenges of implementing this solution, highlighting the difficulty of maintaining consistent anti-inflationary policies due to public and political pressures. Ultimately, the discussion centers on the necessity of curbing government spending and the public’s need to understand the long-term consequences of inflation.
https://thinkandactlocally.com/donate/
https://thinkandactlocally.myshopify.com/
Youtube - @ThinkandActLocally
www.youtube.com/@ThinkandActLocally
Facebook - @thinkandactlocally
www.facebook.com/thinkandactlocally
TikTok - @thinkandactlocally
www.tiktok.com/@thinkandactlocally
Instagram - @thinkandactlocally
www.instagram.com/thinkandactlocally
Truth Social - @thinkandactlocally
Rumble - @ThinkandActLocally
X- @ThinkActLocally
www.twitter.com/ThinkActLocally
LinkedIn - @think-and-act-locally
www.linkedin.com/company/think-and-act-locally
https://open.spotify.com/show/601vtPzxdHl82EM42Hsulf?si=05017b5b0ace4edc
Top comments