Home » Archives » 02. June 2008

Is this a coincidence?

June 2, 2008

Two headlines got my attention yesterday.  One said:

 Bangko Sentral sees May inflation at 8.8-9.6%

 The other said:

March money supply up 9.6% on year 

Coincidence?

Milton Friedman (the Nobel prize winning economist) is famous for saying that “Inflation is always and everywhere a monetary phenomenon. To control inflation, you need to control the money supply.”  To learn more, listen to this podcast of Mr. Friedman.

Posted by disini at 9:45 am | permalink | comments[4]