[PGR88]

(in favor of a computer that calculates monetary growth based on a set standard)

The idea that the monetary base needs to "grow" with the economy is a falsehood. There is no reason for it whatsoever. Given constant productivity and technological growth, with a hard currency, consumer prices would decline, and the value of real wages and savings would increase. Savings would actually be "savings" that maintained or grew in value.

This is a great good and absolute benefit to the working and saving classes. Federal Reserve money printing and debt creation is part of the reason real wages have stagnated over the last 40 years.

[Jim W N]

Monetary policy is “whole other country” and although important, not essential to the basic recovery of our Constitution.

So far I agree with Milton Friedman that modest annual momentary growth is a good thing, but should be done by an objective standard, not by the feds via the FED based on whatever political winds blow at the time.

[semimojo]

Given constant productivity and technological growth, with a hard currency, consumer prices would decline, and the value of real wages and savings would increase.

Not to hijack the thread, but it's pretty well accepted theory that price deflation is poisonous to an economy. Why would it be desirable in this case?