Episode 153 – Free To Choose 1980 – How to Cure Inflation (Podcast)

Inflation results when the amount of money printed increases faster than the creation of new goods and services. Money is a ”token” of the wealth of a nation. If more tokens than new wealth are created, it takes more tokens to buy the same goods. Milton Friedman explains why politicians like inflation, and why wage and price controls are not solutions to the problem. Today’s podcast is “How to Cure Inflation.”

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The Free To Choose Media Podcast takes some of the greatest thinkers of the 20th Century and brings them right to your streaming device. Hear the ideas of Milton Friedman, along with several other Nobel Laureates, as they conduct speeches and hold conversations about the very freedoms we are still fighting for today. Come back each week to see why these truly are not just ideas for our time, but ideas for all time.