Pushing around NON-EXISTENT money exacerbates the problem to the max.
Yep - which is what happens when the Fed adjusts rates. It just either slows money printing or speeds it up beyond the amount justified by the overall worth of the economy. Pushing non-existent money just drives inflation.
OTOH - increased productivity increases wealth which in turn increases the REAL dollars in circulation. Another way of saying it is that you are robbing from Peter to pay Paul; and in the process no new wealth is created. So the economy overall is unchanged.
Two primary ingredients to increased productivity:
1.) increased human motivation (working harder, better and longer)
2.) technological innovation in capital (increased automation)
You can’t legislate either