Milton Friedman: Inflation is just like Alcoholism
https://reddit.com/r/Bitcoin/responses/11oq7xj/milton_friedman_inflation_is_just_like_alcoholism/
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Comments (10)
I’ll drink to that!
If inflation is like alcohol then we’re about to wake up to a bad fucking headache.
so perfect it sounds like a deep fake. i have a theory: gifted macro economists are always somewhat off the reality of their time. they understand a problem so well, so perfectly but reality takes a while, sometimes forever, to live up to the conditions of their scenario. when it does their genius is universally recognized
as a think that is connected with many pother thinks – it is always like that. Or maybe also like with drugs. if you get them your’re fine but then have a hangover
Sure. Bitcoin is deflationary though due to its tendency to increase its purchasing power, which both Friedman and Hayek were against.
In a weird way this is gonna help me quit drinking
keep more printing america! make you country great again!
They are both deadly addictions.Alcohol withdrawals kill just like inflation kills currencies.
Hate to burst anyone’s bubble, but Friedman is a fucking idiot. Look up his position along with Bork on antitrust.
Persist!