Milton Friedman Speaks: Money and Inflation (B1230) - Full Video

Free To Choose Network · 1.5M views · 2016 · 1:26:04

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Macroeconomics & financial crisesMicroeconomics & behavioral economicslecture

Why Hacker News recommends it

Shared during inflation discussions as an accessible, layman-friendly statement of the monetarist view.

What it is

An 86-minute Milton Friedman talk arguing that inflation is a monetary phenomenon caused by money supply growing faster than goods, and that the cure is less government spending and money printing.

Recommended by 3 HN commenters across 3 different months, 2022 to 2025.

What Hacker News said

Strong rec yevpats · 2022-08 · on “What to read to understand how economists think”

Milton Friedman - Money and Inflation - [this video] I think is under rated talk which explains complex stuff in layman terms.

Recommends _448 · 2022-05 · on “Ask HN: What things in the world are increasing at the fastest rate?”

- Militarisation. Countries are spending a lot of defence. - The move towards reverting globalisation(with rising unemployment, countries are looking inwards) - Inflation (this is not going to end in the near future; inflation is the result of quantitative easing that was done multiple times. Here is a good explanation of that: [this video] ) - Differences among citizens of different countries are becoming prominent (the reason is the same as point #2 above)

Recommends Mertax · 2022-06 · on “How Inflation Works”

I watched this video from Friedman just a couple of days ago and found it insightful on the topic of inflation: [this video]

Cites ryandv · 2025-08 · on “Is economics education fit for the 21st century?”

This is absurd. An opinion column in the NYT does not constitute an authoritative reference on the matter. Try some Milton Friedman [0] on for size: Now the first step towards understanding the cause of inflation is to recognize that it is always and everywhere a monetary phenomenon. It's always and everywhere a result of too much money - of a more rapid increase in the quantity of money than in output. [...] inflation in the United States is made in Washington and nowhere else. [...] We have evidence for the United States for over a hundred years; for Great Britain, for two hundred years; for Sweden, for two hundred years. There has never in history been an inflation that was not accompanie