Milton Friedman’s Inflation Warning That Came True Today

Bibliography:
Friedman, Milton, and Anna J. Schwartz. A Monetary History of the United States, 1867–1960. Princeton, NJ: Princeton University Press, 1963.
Ireland, Peter N. "Money growth and inflation in the Euro Area, UK, and USA: measurement issues and recent results." Journal of Monetary Economics, 124, (2024): 1-25.
Ball, Laurence, and N. Gregory Mankiw. "The natural rate and its implications for monetary policy." Journal of Economic Perspectives, 10, no. 4 (1996): 33–50.
Bernanke, Ben S. "Inflation expectations and inflation persistence." NBER Working Paper No. 8577. Cambridge, MA: National Bureau of Economic Research, 2001.
Blanchard, Olivier J., and Jordi Galí. "The macroeconomic effects of oil price shocks: why are the 2000s so different from the 1970s?" NBER Working Paper No. 13368. Cambridge, MA: National Bureau of Economic Research, 2007.

DESCRIPTION
Inflation crisis, monetary policy, Milton Friedman, economic history, Federal Reserve—this video uncovers how Friedman predicted the 2022 inflation surge with stunning precision, tracing the Phillips curve, stagflation, Volcker’s shock therapy, COVID-era stimulus, global supply chains, and the crucial role of money supply in shaping price dynamics. Through clear storytelling and economic analysis, we explore why policymakers ignored Friedman's warnings, how expectations fueled a wage-price spiral, and why inflation hits working families hardest. A compelling deep dive into the past, present, and future of macroeconomic policy and central bank credibility.

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Milton Friedman inflation, Phillips curve explained, 2022 inflation crisis, Volcker interest rates, money supply M2, stagflation history, Fed policy mistakes, economic deep dive, inflation documentary, macroeconomics explained

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