According to Friedman, the returns on stocks and money tend to move in opposite directions.

Name: According to Friedman, the returns on stocks and money tend to move in opposite directions.
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Milton Friedman did not specifically argue that the returns on stocks and money tend to move in opposite directions. His work primarily focused on monetary policy, inflation, and consumption analysis, rather than the direct relationship between stock returns and the value of money.

According to Friedman, the Returns on Stocks and Money Tend