Famine, Fiscal Explosion, and War

Brendan Brown () and Philippe Simonnot ()

Chapter Chapter 4 in Bad Money, 2025, pp 31-36 from Springer

Abstract: Abstract Milton Friedman famously wrote that “inflation is always and everywhere a monetary phenomenon” (Friedman 1963). His meaning: any sustained period of rising prices has associated with it (in a causative sense), money supply rising persistently and veering substantially in excess of money demand–supply, and demand for money being continuously rebrought into balance by a rise in prices.

Date: 2025
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DOI: 10.1007/978-3-031-95425-2_4

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