In this video, the illustrious Nobel laureate the late Milton Friedman eloquently explains that what we hear from media and politicians are inaccurate and misleading. (source Liberty Pen)
(1:37) Any other attribution to growth in inflation is wrong. Consumers don’t produce it. Producers don’t produce it. Trade unions don’t produce it. Foreign sheiks don’t produce it. Oil imports don’t produce it. What produces it is too much government spending and too much creation of money and nothing else.