John Steele Gordon and Milton Friedman on Inflation
RichC | March 23, 2022
From a John Steele Gordon lecture at Hillsdale College … “money is just another commodity, no different from petroleum, pork bellies, or pig iron. So money, like all commodities, can rise and fall in price, depending on supply and demand. But because money is, by definition, the one commodity that is universally accepted in exchange […]