A bill to provide for steady, noninflationary growth in the money supply.

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper eligible for open-market operations be governed with a view to: (1) maintaining a constant general level of domestic prices; (2) avoiding destabilizing changes in total purchasing power; and (3) fostering a steady growth in the aggregate of demand deposits and currency in circulation approximately equal to the long-run growth in real national product.…