I would think the "easier" way of doing this is Federal Reserve dollars, issued (in Fed issued deposit accounts) at the start of a calendar period with the explicit and clear understanding to accountholders that these funds evaporate at the end of the calendar period (EBT/food stamps come to mind; depending on the state, your EBT/food stamps funds expire after about a year if unused).

I'm unsure how you get around folks who will launder this money into assets to counter the inflationary mechanism, unless you're means testing in some capacity, or you just don't care about the cohort who does this (which is a reasonable approach imho).