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NOTE What supply of money is optimal?

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Any supply of money, which is arrived at on the market, is optimal.

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You don't need any more money coming in.

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So the only thing that increases the money supply does then, the only social effect,

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is to dilute purchasing power of each existing, pre-existing dollar or gold ounce or mark or whatever the currency unit is.

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So any increase in money supply, increase in goods and services is good, it increases the standard of living.

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Increase in capital equipment is good, it increases future standards of living.

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An increase in the money supply is pointless, because all it does is dilute the purchasing power of the original and existing unit.

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There's no social utility whatsoever.