And how do I verify that the money printed is not more than the increase in productivity ? Effectively stealing from my productivity through price inflation ?
First, that already occurs to the tune of of about 2% annually. The Fed aims for about 1-2% inflation annually to encourage investment.
But to answer your other question, in order to verify this you would need a complete-ish picture of the entire economic output of the country: how much it grew (Growth Rate), and how much currency was destroyed (Destruction Rate). With those metrics you can determine how much currency you need to print.
But to answer your other question, in order to verify this you would need a complete-ish picture of the entire economic output of the country: how much it grew (Growth Rate), and how much currency was destroyed (Destruction Rate). With those metrics you can determine how much currency you need to print.