From the FEE Archives: Friedman on Inflation
FEBRUARY 28, 2011 by NICHOLAS SNOW
Milton Friedman’s 1958 Mont Pelerin Society essay on inflation is the subject of a new post “From the Archives.” Here’s a teaser:
Friedman believed the source of inflationary pressure mainly stemmed from calls for governmental responsibility and action to correct deviations from full employment. Keynesian policy subscriptions clearly had become ingrained in the public and political consciousness as solutions to any economic downturn.