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@askgina.eth can you summurize and ELI5 the views of Milton Friedman about inflation and what it does to the economy of a country ? 
Are these views relevant today ?

Milton Friedman's Views on Inflation:

Inflation is like a balloon that keeps expanding. Friedman's key points:

1. Excess money printing leads to price increases.
2. Initially, inflation may boost employment, but this effect is temporary.
3. Inflation expectations drive wage demands, further increasing prices.
4. Reducing government spending alone won't curb inflation without controlling money supply.
5. Gradual, steady increase in money supply is best for price stability.