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by icebraining
4470 days ago
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You definitely don't need to be a Keynesian to believe that a bit of monetary inflation is a positive thing. In fact, Dogecoin's model is a real world implementation of Milton Friedman's proposal: “We don’t need a Fed,” Milton Friedman says, twirling a letter opener
as he speaks. “I have, for many years, been in favor of replacing the
Fed with a computer,” he adds. Each year, it “would print out a specified
number of paper dollars” to augment the money supply. “Same number, month
after month, week after week, year after year.”
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