“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.” LittlesImportantCountryEarthHeavenGrowthPerfectLevelsEconomicProduceIncreaseRateContributionPhenomenonStabilitySteadyQuantityStableInflationModeratesRapidsFrameworkMonetaryOutputHeaven On EarthImportant Contributions Author:Milton Friedman
“The most precious contribution we can make here on Earth is to create the lives we want to be living, communicating in all ways, to everyone around us, that success is really possible.” WayWantEarthCommunicateContribution Book:Our Children Are Watching: Ten Skills for Leading the Next Generation to Success Source: Our Children Are Watching: Ten Skills for Leading the Next Generation to Success