THE INSTITUTIONAL PROBLEM OF THE MONEY SUPPLY the problem of monetary supply is

THE INSTITUTIONAL PROBLEM OF THE MONEY SUPPLY

the problem of monetary supply is created by (a) a single currency for all purposes, and (b) distribution through the financial system rather than consumers.

Rather than targeting, I use changes in capital (capital-in-total) and sector-interest-rates. (My suspicion is that all we are doing today is spending down capital and calling it efficiency.)

For example, we can regulate home loan interest separately from regulating car loan interest. We could supply money for purposes instead of regulating interest. This is the amazing property of digital money substitutes.