> The ability of governments to print (and destroy) money is a key tool in economic management. I tend to agree with that. But, as far as I know, it's a tool

> The ability of governments to print (and destroy) money is a key tool in economic management. I tend to agree with that. But, as far as I know, it's a tool they don't have: most money is created by private banks (through loans). I understand elected officials may be poor at managing money creation and destruction, but aren't un-elected officials worse?