Milton Friedman Talks About Inflation

Elon thinks the Fed should drop the rate .25% at the meeting this Wednesday. He thinks they could overshoot the runway trying to beat down inflation

Widely expected to be a .75% increase.


He wants that to pay for his shit Twitter deal with his TSLA stock.

But, somewhere, there's a tree out there that's producing oxygen for him. He needs to find that tree and appologize.
 
1664109905408.png
M1 compared to US Core CPI

TBF the counter argument is to show the Bank of Japan's money supple vs the Japanese CPI
1664110418617.png This is an interesting chart in my opinion because it seems to counter Milton's argument. However, I would argue that Japan's constant money printing has lead to an unstable Economy.
 

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