Milton Friedman on inflation's irony: Everyone's against it—until you ask if they've benefited. “When most people say they want to stop inflation, what they mean is that they want the prices of the things they buy to go down and the prices of the things they sell to go up. But since what one man sells is what another man buys, that’s a neat trick if you can do it.” So nobody's really serious about stopping inflation—at least not in the early stages. | Free To Choose Network

The Federal Reserve cut its key interest rate Wednesday as it seeks to shore up economic growth and hiring, even as inflation stays elevated. | WTHR-TV