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I just had this thought about the nature of market currency, price inflation, and economic growth. It came about last night when I was thinking about Friedman's k-percent rule. My dilemma was this: is Friedman's k-percent rule really better than normal central banking, considering that during...
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Monetary Evolution: Where are we today? Commerce today is dominated by “electronic” transactions. A business that does not support the use of debit/credit cards will be extremely limiting its customer base and will likely not survive. The emergence of this form of money was the credit card...