Corrolary: solving price stickiness problems, or changes in the demand for liquidity by changing the money supply itself is a horrible hack. All of the (stated

Corrolary: solving price stickiness problems, or changes in the demand for liquidity by changing the money supply itself is a horrible hack. All of the (stated) goals of monetary policy can be achieved by using a price index layered on top of money, whith none of the distortionary effect and seignorage.