Rep Boebert Quotes Milton Friedman to Biden Budget Director: ‘Inflation Comes from Too Much Money Being Printed’

EXCERPT:

BOEBERT: “Madam Director, can you please simply describe to me, define to me what inflation is?”
YOUNG: “Sure. The cost of goods are more expensive. It costs more for the same goods than it did last year. The president is very aware of that. That is why he called on Congress to send him legislation to reduce the costs of health care --“ [crosstalk]
BOEBERT: “Reclaiming my time. Thank you. Thank you, Director. That that's not exactly where I was getting at. Let me answer -- let me answer this for you. So Milton Friedman, who won the Nobel Prize in Economics, said that inflation comes from too much money being printed in D.C., specifically, and I quote he said 'Inflation is a result of too much money and more rapid increase in the quantity of money than in an output. Moreover, in the modern era, the important next step to recognize that today governments control the quantity of money so that as a result, inflation in the United States is made in Washington, and nowhere else.' So Director Young in short, inflation comes from Washington D.C., where the products we use aren't created, but the products we use are made more expensive.”