Monetarism and the k-percent rule
About this model
Milton Friedman, 1960s. The central bank grows money at a fixed rate; inflation follows money growth beyond output growth; discretion adds swings. A teaching model: it keeps only this core loop and leaves out everything else a real economy has.
"Monetarism and the k-percent rule" is a public Machinations diagram shared in the Community by Machinations, with 38 components.
It was created in October 2026 and last edited in November 2026.
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