Milton Friedman argued that:

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Milton Friedman believed that inflation results from the government printing too much money, thus causing increases in the general price level. He was a strong advocate for a monetary rule where the money supply would be determined by a formula, rather than discretionary decisions made by government officials. He believed in a free market approach to the economy, and did not advocate for government regulation of prices or antitrust policy as a means to prevent inflation.

Milton Friedman Argued That