Nobel laureate Milton Friedman is known for his assertion that,

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Milton Friedman is known for his famous quote "Inflation is always and everywhere a monetary phenomenon." He believed that high inflation is caused by excessive growth in the supply of money by the central bank, which leads to an increase in demand for goods and services and thus higher prices. This idea is central to the monetarist theory that he helped develop, which argues that controlling the growth of the money supply is the key to maintaining stable economic growth and low inflation.

Nobel Laureate Milton Friedman Is Known for His Assertion That