( # of coins sent)*(# of confirmations on sent coins at the time that they are sent)
The long term aggregate average of that quantity (coin days destroyed) is constant. If you have a total of 10 coins being spent every day, at the end of the month you have a total of 300cdd, or an average of 10cdd/day. If you spend them 3 times per month it's still 10cdd/day.
So you might have a dynamic indicator that tells how to modulate the daily expansion, but you still haven't solved the basic problem, how should that long term monetary expansion look like: asymptotically decreasing, constant, exponential etc.
Also, the issue of control by the financial cabal remains: if I hold a large quantity of "stale" coins I can control your parameter thus inject liquidity in the market when I decide to do so.
You can prevent manipulation by making transaction fees mandatory.
Thus driving the people away from transactions in the blockchain to private systems, thus disrupting the mechanism, giving the owners of those systems large quantities of stale coins to play with, and the unique opportunity to reinvent fractional reserve.