Milton Friedman - Library of Economics and Liberty
https://www.econlib.org/library/Enc1/bios/Friedman.html
webIn Studies in the Quantity Theory of Money, published in 1956, Friedman stated that in the long run, increased monetary growth increases prices but has little or no effect on output. In the short run, he argued, increases in the money supply cause employment and output to increase, and decreases in the money supply have the opposite effect.
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