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OneWorld22 (talk | contribs) deleting int econ, adding in disclaimer of k-percent rule |
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The result of this policy is that it is not costly to those who have [[money]] to continue to hold it. The rule is motivated by [[long-run]] [[efficiency (economics)|efficiency]] considerations.
This is not to be confused with [[Friedman's k-percent rule]] which relates to a constant yearly expansion of the [[money supply | monetary base]].
== Friedman's argument ==
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[[Category:Monetary policy]]
[[Category:Monetary economics]]
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