The more complexity introduced into a system, the more likely the event of failure. This is true for airplanes, fission reactors, and monetary systems. Humans

The more complexity introduced into a system, the more likely the event of failure. This is true for airplanes, fission reactors, and monetary systems. Humans are the ultimate complexity, and indeed central banking relies on the decision making of a powerful few. Will the interest rate go up or down? Will a flood of money buy bonds and mortgages? Those decisions are made for us.