Release Date
07 Mar, 1980
Runtime
00:58: (HH:MM)
Synopsis
Inflation results when the amount of money printed or coined increases faster than the creation of new goods and services. Money is a "token" of the wealth of a nation. If more tokens are created than new wealth, it takes more tokens to buy the same goods. Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Friedman visits Japan, U.S. and Britain.
Photos
Milton Friedman
Robert McKenzie
Richard Nixon
James Callaghan
Bob Chitester