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According to nobel laureate milton friedman, inflation is _____.

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According to Nobel laureate Milton Friedman, inflation is "always and everywhere a monetary phenomenon".

Milton Friedman was a strong supporter of free market capitalism and had produced many theories in favor of his claims. He was an accomplished American economist who was born in 1912 and he received his Nobel Memorial Prize in Economic Sciences in 1976, he passed away in 2006.

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