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Roger Kerr
![Avatar photo](https://www.nzcpr.com/wp-content/uploads/2012/12/Roger.Kerr_avatar.jpg)
Economists have long since accepted Milton Friedman’s argument that monetary policy – ‘printing money’ – is the single cause of inflation, whether in boom times or in recession. Inflation is about too much money chasing too few goods. So the first requirement for non-inflationary growth is for the Reserve Bank to run a sound monetary policy.