There is now an expanding market for products and services which attempt to monitor ones children. From the well known internet logging/filtering software to services which use GPS to track the location of a child's cell phone and presumably the child themselves. All technologies are morally nutural even things that people who do not draw their conclusions based on logic insist are wrong like for example firearms, nuclear weapons or genetic engineering. However it takes wisdom to know how to use technology in a way that is benificial to the human race and with the introduction of a new technology it often takes more than a single life time to aquire this wisdom to apply that technology in a way that is benificial to humanity.
I've written before about the dangers inherrant in trying to use technology to solve what is essentially a social problem. If anything technology has a tendancy to cause social problems. For example the tendancy of telecommunications systems to decrease the amount of time that's actually spent face to face and physically meeting. In my university days I had friends who were taking different classes from me who I only saw a few times a year, this is apparently normal for the myspace generation. But I always felt the relationship lost something after I no longer greeted him each morning before class with two cups of coffee balanced on the closed lid of my laptop and we sad down and talked over coffee, aditionally not from behind a laptop screen.
Monitoring technology does have benificial applications, but I think in a culture where you can't talk to your parents something has been lost and it may well take 100 years before we find it again; if we ever find it again. One of the things that really helped me growing up is that I could tell my family things that I was not proud of, of the mistakes i'd made and this was OK, it was part of growing up and learning.
Finally if your child has some degree of technical savvy don't pay attention to what the makers of internet filtering/logging software say. If your child is 12 or older and is interested in computers beyond a machine for games, anything you can do they will be able to hack and if they are among the more inteligent, do so in such a way that you will never know they have unless they tell you. If they are interested in linux you won't have a hope in hell of restricting their computer use short of physically taking the computer away. Despite claims about monitoring software's undetectiability tools for detecting such software are readily available and distributed among school children. If your child has learned some degree of ethics with respect to technology, they will not remove this software despite having the technical ability to do so as they respect the fact that it is your workstation and not theirs, however they will still know it is there and they will likely trust you a lot less than they did prior to installing the software thus making the problem you installed such software to solve worse.
The same thing applies to GPS monitoring via cell phones, this can be defeated by any number of means and also does not consider the case of someone like myself who as a child did not own and had no interest in owning a cell phone. When I finally gave in to peer presure and got a cell phone; I did not take it to school. GPS tracking devices require the person you want to track to be actually carrying the device, seems obvious. There are also technical means by which some of these devices can be made to report a false location, however I will not discuss these as I don't want to unwittingly assist a rebelious teenager by providing a howto.
Finally these monitoring technologies do have cirtain cases where they are justified. Like for example at-risk youth who have been in trouble with the law previously might agree to be monitored as part of a youth-crime rehabilition programme.
In general, earn your kids trust and in turn you will be able to trust them. Technology as a substitute for trust does not work, it simply reenforces the adverserial mindset adolecenents can have towards their parents and this is bad for their welbeing and bad for your sanity.