Mr. Friedman believe inflation result from too much money chasing too few goods. Government regulations restricts freedom to trade. Less freedom to trade led to few goods to buy. He believe concentration of power in government is the great threat to freedom.
Government is necessary to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating power in political hands, it is also a threat to freedom.Introduction, Capitalism and Freedom, 2002 ed, pb, p.2.
Milton Friedman's autobiography