Milton Friedman Speaks: Money and Inflation (B1230) - Full Video

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  • เผยแพร่เมื่อ 20 มี.ค. 2016
  • Inflation is blamed on many things. But it has only one cause: It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often, it does so to enable the government to pay its bills without raising taxes. There's only one real cure for inflation. It is a cure that's easy to describe but difficult to apply: The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. Recorded at University of San Diego & San Diego Chamber of Commerce ©1978 / 1:26:03.
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ความคิดเห็น • 286

  • @PhillipeNover
    @PhillipeNover 3 ปีที่แล้ว +2

    Everyone wasting their time watching the left and the right duke it out on CNN and Fox news. People need to educate themselves watching videos like this. Old Uncle Mitlon is a beast of a lecturer. This is real education here. 🔥🔥🔥

  • @m_8313
    @m_8313  +11

    This is a time jewel that must be preserved to protect future generations from government mismanagement

  • @pacmanlp8876
    @pacmanlp8876 3 ปีที่แล้ว +1

    I live in Argentina who took road of free lunch, public spent and socialism long time ago. Our inflation rate is 3000% over the past 10 years. We facing a major economy breakdown every decade too. Our poverty is +50% and rising. Im 45 and already experienced 3 hiperinflations and two social uprisings (the 3rd is coming soon). Never, never take the free lunch socialist road. It has hell at the end.

  • @bright7522

    The one thing I love most about Friedman is that unshakable cheeky look on his face - it’s like he’s doing econ-stand up

  • @vizzo6742
    @vizzo6742 4 ปีที่แล้ว +580

    I can watch Uncle Milty whole day and still can't get enough of him.

  • @MichaelDrabik
    @MichaelDrabik 4 ปีที่แล้ว +135

    Get ready for high inflation again in the US

  • @KyrosQuickfist
    @KyrosQuickfist 4 ปีที่แล้ว +263

    Ah the days where "Unfunded Liabilities" was only 3 trillion.

  • @nedhill1242
    @nedhill1242 ปีที่แล้ว +47

    This man’s wisdom is more relevant today than ever! He wouldn’t know whether to laugh or cry if he saw where we are today. Must see TV are the episodes of Phil Donahue with Milton. His protégé has become quite the force of nature as well, Thomas Sowell.

  • @christopherarmstrong2710
    @christopherarmstrong2710 5 ปีที่แล้ว +643

    Brilliant, as always from Friedman. He made Economics cool, so much intellectual swagger this man had.

  • @zarathustra6712
    @zarathustra6712 3 ปีที่แล้ว +486

    This man was a genius.

  • @KietHuynh-zg9gt
    @KietHuynh-zg9gt 4 ปีที่แล้ว +209

    On virus pandemic - Covid 19. Uncle Milton's videos are great time investment.

  • @25Soupy
    @25Soupy 3 ปีที่แล้ว +54

    1:06:00

  • @funkled5273
    @funkled5273 4 ปีที่แล้ว +261

    Capitalism and Freedom, on my Kindle I carry it everywhere. I can't get enough of the genius of Milton Friedman.

  • @pedromarques2084
    @pedromarques2084 3 ปีที่แล้ว +320

    To all skeptics, this guy predicted the recession in 1980,its so subtle and yet so amazing

  • @lukemccann
    @lukemccann 3 ปีที่แล้ว +41

    1:03:47

  • @MrKarolWlodarczyk
    @MrKarolWlodarczyk 3 ปีที่แล้ว +16

    Oh the irony, I've got a Paul Krugman class advert in front of Milton Friedman talk :)

  • @ojaskadu
    @ojaskadu 4 ปีที่แล้ว +42

    The real explanation for money printer go brrrr

  • @natebergey
    @natebergey 4 ปีที่แล้ว +370

    Who else is here to find out what is about to happen to the US dollar?

  • @Stockavelli

    It's insane how resonant this is today, considering this video is dated 1978