The quote "Inflation is always and everywhere a fiscal phenomenon" is attributed to:
A) Adam Smith.
B) Thomas Sargent.
C) Karl Marx.
D) Alan Greenspan.
E) David Ricardo.

Question

Quizplus · Accepted Answer

The quote is often attributed to Thomas Sargent, reflecting his views on the relationship between fiscal policy and inflation. However, it's important to note that a very similar sentiment, "Inflation is always and everywhere a monetary phenomenon," is famously attributed to Milton Friedman, not Thomas Sargent. This might cause some confusion, but no option for Friedman is provided here.

The Quote "Inflation Is Always and Everywhere a Fiscal Phenomenon