How to Cure Inflation

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.

Release Date

March 7, 1980

Runtime

58 min

Rating

Genres

Documentary

Directed by

David Filkin

Written by

Milton Friedman

Language