After looking at it, the general has given it very little thought as many of the policy proposals are unserious in nature – at best. Privatizing NOAA is not something that the Congressman is in support of nor will he ever be.
Federal Reserve
… proposed - 10636 K-Percent Rule. Under this rule, proposed by Milton Friedman in 1960,” the Federal Reserve would create money at a fixed rate—say 3 percent per year. By offering the inflation benefits of gold without the potential disruption to the … - page 738
… is that unlike commodities, a K-Percent Rule is not fixed by physical costs: It could change according to political … fluctuations. Importantly, financial innovation could destabilize the market’s demand for liquidity, as happened with … a given K-Percent Rule that previously delivered stability could become destabilizing. In addition, monetary … - page 738
… blank line - 10638 Chapter Federal Reserve Page number 738 … blank line - 10638 … - page 738
… need to take place. Chapter Federal Reserve Page number 739 … Friedman proposed the K-Percent Rule was very … - page 739
… inflation rate—essentially the highest it thinks the public will accept—and then tries to engineer the money supply … to achieve that goal. Chairman Jerome Powell and others before him have used 2 percent as their target inflation … are now floating 3 percent or 4 percent.** The result can be boom-and-bust cycles of inflation and recession driven by … - page 739
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