Talk:Monetary inflation

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Alan Greenspan says: "Although many factors may affect inflation in the short-run, inflation in the long-run, it is important to remind ourselves, is a monetary phenomenon."; Jean-Claude Trichet: "because in the long run inflation is a monetary phenomenon"; Ben Bernanke: "Ultimately, inflation is a monetary phenomenon, as suggested by Milton Friedman's famous dictum."



[edit] Austrian

Actually the austrian school does not believe that monetary inflation causes inflation, it believes that increase in the money supply is inflation. Money and Inflation

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