yeah, we get it "they lose, they just lose"... every thread I open I have to read the same line. Did you even open the link to see what the subject was? I'm not going to pass any judgment on the quality of the work unless I've read it but I can certainly respect somebody who puts forth the effort to write.
It's something morganist came up with (or 'invented', as he likes to say). From everything he's said, it sounds like some sort of central planning via the demand side with rather confusing mechanism for implementation. Somehow, it's also worth a lot of money (again, according to him). It sounds like lack of basic understanding of (very basic) economics. But like I offered, I'm willing to give a fair shake at it.
Here is a link to a paper that discusses aggregate demand management. A similar concept anyway. http://econ.blog.us/Teaching_Folder/Econ_202b/readberk/Diamond.pdf
So you didn't 'invent' it? Also, I don't think this paper is about what you are thinking about (it's not about controlling anything; it has to do with natural (or lack of) rate of unemployment; and yes, I've read it before). Now, dodging my offer? Why?
Not really. I use completely different methods than before. Also you have to understand there are issues with monetarism and supply side theories and how they interact with the money supply when delivering a banking system.