A transaction does not necessarily create new value. It may…

A transaction does not necessarily create new value. It may merely transfer title, settle a debt, consume inventory, or exchange existing goods. Value is subjective and ordinal; it is not a measurable substance that can be “printed” into existence and then “destroyed” at settlement.
Money is a unit of account, medium of exchange, and store of value. It is not supposed to expand and contract mechanically at every transaction like a thermostat attached to imagined value.
The Cantillon effect is not solved by issuing money at “the point of production.” That merely creates a new issuer with privileged first access to monetary units. It does not remove privilege; it relocates it.
Nor would this end inflation or deflation. Prices change because preferences, supply, demand, productivity, risk, credit, and expectations change. Matching currency issuance to some asserted quantity of “produced but unclaimed value” assumes an objective measurement of value that does not exist.
This idea is not monetary theory. It is a category error with a printing press.