Dave, every year upwards of 97% of all our new money is created by private banks via the accounting operation of equal debits and credits that sum to zero. This is according to the central banks of Germany and England and is backed up by economic reformers like Steve Keen, Michael Hudson and Warren Mosler. Of course banks don’t create any money except in the form of debt. What if a monetary authority utilized the same accounting process at retail sale with a policy of a 50% Discount (debit) to consumers all of which discount was Rebated (credited) back to the merchant granting it to the consumer so they were made whole on their entire price? That would immediately banish inflation to the dust bin of history because you could buy a $60k Tesla for $30k, a $400k house for $200k and $14 and change for Danger coffee (love it). And again, you’d get the full price on the coffee with the rebate. It would mathematically double everyone’s purchasing power and potentially double the demand for every enterprise’s goods and services. Last but not least as everyone participates in retail sale it would create an economy that continuously enabled and encouraged the self actualization of gratitude for a 50% assist of the cost of everything one purchased. This would be a positive group experience which is scalable. Please consider my book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies. https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr