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WSJ Opinion: Joe Biden, Milton Friedman and a Lesson in Inflation


Main Street: "Inflation is just like alcoholism," said economist Milton Friedman. "In both cases...the good effects come first, the bad effects only come later." Could there be a lesson here for Joe Biden? Images: Bettmann Archive/Getty Images Composite: Mark Kelly

Main Street: “Inflation is just like alcoholism,” said economist Milton Friedman. “In both cases…the good effects come first, the bad effects only come later.” Could there be a lesson here for Joe Biden? Images: Bettmann Archive/Getty Images Composite: Mark Kelly

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