All this is happening because its a cycle. It happened in the past and will happen again. humans are stupid and make the same mistakes again and again. Too much money printing and too much spending on things we dont need even if you dont have the means therefore lending at small rates until they go up and then its end game. I never thought it would come to this but then again im not surprised.
Discover Milton Friedman quotes about inflation. Share with friends. Create amazing picture quotes from Milton Friedman quotations.
"No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money."
"Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation."