We've had a dozen instances of massive money printing since the 80s but no significant inflation until we had the COVID supply side shock. Now we're getting inflation because of tariff uncertainty, also a supply side shock.

Friedman is wrong, inflation is primarily caused by supply side shocks.

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argentinian 2 days ago | parent [-]

what do you mean by "supply side shock"?

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bryanlarsen 2 days ago | parent [-]

https://en.wikipedia.org/wiki/Supply_shock

	▲	argentinian 21 hours ago \| parent [-]
		I see. You might read the article mentioned bu user opo in this same comment thread. And also consider the inflation that occurs in many countries that don't suffer any supply side shock.