Summary 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.
Directed : Unknown
Written : Unknown
Stars : Milton Friedman Robert McKenzie Thomas Sowell Peter Jay
Genres : Documentary
Countries of origin : United States
Official sites : Official site
Language : English
Production companies : Video Arts TV Production Video Arts TV Production [us] in association with WQLN , Erie PA
Summary 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.
Genres : Documentary
Countries of origin : United States
Official sites : Official site
Language : English
Production companies : Video Arts TV Production Video Arts TV Production [us] in association with WQLN , Erie PA