“Abbiamo incontrato il nemico… ed eravamo noi”✨ Milton Friedman

Added: 2026-06-03

[00:00:00][music] >> Inflation is made in Washington because only Washington can create money.

[00:00:08]And any other attribution of to other groups of inflation is wrong.

[00:00:15]Consumers don't produce it.

[00:00:19]Producers don't produce it.

[00:00:22]Trade unions don't produce it. Foreign sheiks don't produce it.

[00:00:27]Oil imports don't produce it. What produces it is too much government spending and too much government creation of money and nothing else. But the reason why we have too much printed spending and too much printing of money is because you people want it. You and I, we're citizens, we run this country.

[00:00:45]If Congress has been voting higher and higher spending, why?

[00:00:49]Because it has been politically profitable for them to do it.

[00:00:53]Has been leading to Congress increasing spending, not increasing taxes, and financing the difference by the hidden tax of inflation. I think we are unwise.

[00:01:04]But let's not blame the others.

[00:01:08]The problem, you know, in that famous statement of the cartoonist, we have met the enemy and they is us.