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Title: milton friedman coin? Post by: dance4x on May 02, 2013, 02:58:53 AM has anyone thought of creating a coin that follows milton friedman's train of thought when it comes to monetary policy? his idea was to have a computer increase the money supply by 3% each year forever. some people would probably prefer this kind of policy on the creation of money rather than capping the total number of coins at a certain amount. just wanted to know if this has been discussed here. thanks.
Title: Re: milton friedman coin? Post by: Twerka on May 02, 2013, 03:04:36 AM I'm very sure you didn't read Milton Friedman ideas >:(
Then you will find that the coin mining should be privatized and centralized. Title: Re: milton friedman coin? Post by: dance4x on May 02, 2013, 03:06:02 AM I'm very sure you didn't read Milton Friedman ideas >:( Then you will find that the coin mining should be privatized and centralized. i agree. he was not an advocate of competing currencies. i'm really just talking about his automatic 3% per year idea here. Title: Re: milton friedman coin? Post by: twobits on May 02, 2013, 03:22:22 AM I have thought about it. Not sure it makes as much sense with competing currencies as it does in the environment he pictured it in. I do think a chain should not stop completely generation new coins, so it at least has some replacement of lost coins though.
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