#3 k-percent rule. -the k-percent rule was proposed by milton friedman in 1960 and it states that the fed should create new money at a fixed rate every year, i.e. 3% increase a year -the k-percent rule is not fixed to physical costs (like gold), so it is subject to political pressure or economic changes -the k-percent rule is outdated and based on the monetary policy of the 1960s fed
United States