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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

Previous Comments

I believe that nothing in this world will ever be coincidence by the simple fact everything is influenced by something in order to happen or move. Lalo pa dito sa Pilipinas.

Posted by Philippines at October 10, 2009, 9:49 pm

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