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Re: RE: Re: hyperinflation

I didn't quote Friedman, who said "inflation is always and everywhere
a monetary phenomenon." I misquoted him, saying "hyperinflation is
always and everywhere a monetary phenomenon."

I think that the first is false, and the second is true...
Brad DeLong


Seems to me that either statement is tantamount to
saying car accidents are everywhere and always an
automotive phenomenon.


Well put...


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