Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that lesson, but then made the opposite error: expanding the money supply too aggressively. The fundamental problem? Central banks keep confusing their mission, fixating on interest rates instead of their actual responsibility—controlling how much money exists in the economy. | Free To Choose Network

Milton Friedman never let us forget a simple truth about government spending. The government has no money of its own. It only has what it takes from you. Every “public” program, every new initiative, begins with the same act: transferring resources from those who earned them to those politicians choose to favor. Friedman saw this not as generosity but as a quiet erosion of personal freedom, the idea that others should decide how your money is spent. Decades later, his warning remains as true as