A great little primer from the WSJ on inflation, its causes, its cure, and how it is a hidden tax on the poor. For those young people who don't know, Milton Friedman was an emminent economist. He provided the clearest articulation against the failures of command economies, and the benefits of free markets in promoting freedom and prosperity. His economic policy ideas were implemented throughout former Warsaw Pact nations to great success - giving rise to stunning success stories for countries like Estonia and the Republic of Georgia.
