The statement that "inflation is everywhere and always a monetary phenomenon" is closely associated with

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This statement is closely associated with the monetarist school of thought, which was championed by economist Milton Friedman. According to monetarism, inflation is caused by an increase in the money supply, as there is more money chasing after the same amount of goods and services, leading to higher prices. This view contrasts with the Keynesian view that inflation is caused by a combination of factors, including increases in aggregate demand and supply constraints.

The Statement That "Inflation Is Everywhere and Always a Monetary