So every retail enterprise gets an account with the central bank so when they agree to reduce the price of virtually every one of their goods and services by 50% the central bank can rebate the entirety of their retail sales discounts back to them making them whole on their entire price. Voila! Beneficial price and asset deflation so if you make $50k you can now potentially purchase $100k of goods and services. Then, you make the retail discount permanently 53% and allow enterprise to raise their prices 3% per annum and tax any further increases in prices at a rate of at least 100%. You also index the retail discount to an accurate and honest monthly rate of inflation including for food and petroleum so if the monthly rate of inflation is 5% the retail discount is 55%. Then, you implement say a $1000/mo. universal dividend to everyone 18 and older and have every adult register for an account at the central bank. That way with the 50% Discount/Rebate policy every adult has $24k/yr. of purchasing power for life…and you can eliminate the payroll taxes for welfare and unemployment insurance. Finally, as the retail point of Finance is one’s auto, insurance, mortgage or other big ticket item monthly payment you enable either the bank or the central bank to create 50% of those payments including half of the escrow payments so you buy a $500k house at retail sale for $250k and if your monthly mortgage payment is say $2000…you only have to pay $1000. And the kicker is the banks actually make more profit…because with the above policies virtually EVERYONE is creditable.

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Yes, lets have a sliding scale percentage “tax” of GIFTED money (read a gift of investment) by having the central bank float 5-6% bonds to fund R & D eco-energy bonds.

1) with the 50% Discount/Rebate at retail sale and the clearly known and enforceable 100% tax on inflation above 3% per annum the heavy handed and ineffective FED funds rate becomes irrelevant.
2) It mitgates consumption while encouraging saving
3) Its rational action on the part of government as opposed to irrationally doing nothing or irrationally doing fracking instead of proactively addressing the ultimate issues of energy and the ecology.