Targeting NGDP means targeting the senators

This chart says under the current framework  senators are in charge of growing NGDP by growing government debt.

NGDP targeting violates the basic assumption of a monopoly  monetary system because balanced growth by ratio requires a heterogeneous mix of borrowers, NGDP targeting implies Econ 101, so sorry to the MIT basket weavers.

I love these moments when the imperial wizards of walrus get hoisted by their own petard. Sandbox S&L pit uses the correct theory of two color NGDP targeting if the wizards want it. Or if they want the three color central banking pit,  then welcome to sandbox.