Nobel-laureate economist Milton Friedman suggested that policymakers strive to ensure that the monetary aggregates:

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Friedman suggested that policymakers strive to ensure that the monetary aggregates grow at a rate equal to the rate of real growth plus the desired level of inflation. This approach is known as the monetarist approach, which argues that changes in the money supply directly affect changes in aggregate demand and ultimately, inflation. Keeping the growth rate of the money supply in line with real economic growth and desired inflation can help maintain price stability and promote economic growth.

Nobel-Laureate Economist Milton Friedman Suggested That Policymakers Strive to Ensure