Fixed income means income which a person expected to get exactly my whole life (which is treated as a return of human capital) or means is revenue that is expected to occur (expected income) and Friedman disagree with removing the information from the national income accounts, national income that occur each year (actual income) as the data used to measure the revenue that is expected to occur because the size of the expected revenue to actual may vary due to the income arises from events that cannot be anticipated in advance (Unexpected Or.Transitory Event), which income arises from an event that is not expected, this should not affect our wish to hold funds so that income affects demand for fixed income funds, is only considered or expected income only.
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