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- Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
I propose this famous quote of Friedman's instead: "Inflation is always and everywhere a monetary phenomenon." From his book A Monetary History of the United States 1867-1960. 22.214.171.124 (talk) 11:20, 7 September 2008 (UTC)
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