milton friedman coin?

[dance4x]

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.

[Twerka]

I'm very sure you didn't read Milton Friedman ideas 
Then you will find that the coin mining should be privatized and centralized.

[dance4x]

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.

[twobits]

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.