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Howard Lutnick: “The only entity that can produce inflation in the world is…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick on CNBC - Donald Trump Transition and Policy

Published | Video Starts at 05:12

I'm telling you, if we had. So what do you think? If we had $1 trillion during the pandemic, you can't Inflate without money. Milton Friedman, you remember him. Yes, Right. Crystal clear. The only entity that can produce inflation in the world is the government by printing money. Yes. And there is no other. So let's do that, number one. Number two, let's go to energy. (05:12–05:18)

CLAIM

Asserts that only government actions, specifically printing money, can produce inflation.

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