Re: RE: Re: hyperinflation

[Brad DeLong]

>I didn't quote Friedman, who said "inflation is always and everywhere
>a monetary phenomenon." I misquoted him, saying "hyperinflation is
>always and everywhere a monetary phenomenon."
>
>I think that the first is false, and the second is true...
>Brad DeLong
>
>
>Seems to me that either statement is tantamount to
>saying car accidents are everywhere and always an
>automotive phenomenon.

Well put...