"Friedman rejected cost-push as a credible source of sustained inflationary pressure."
If you reject the possibility of cost-push, only government remains as the cause of inflation.
But if the problem is cost-push, the focus on inflation is the wrong focus.
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Or this way:
If you reject the possibility of cost-push, inflation is always and everywhere the government's fault.
PS: As of 29 April it is no longer possible to reject cost-push.
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