Central banks were originally set up to make the world safe for private banking by not having the policy tools to resolve or interfere with the instability that the banks create with their monopoly paradigm for the creation and distribution of virtually all new money, namely Debt Only…while also being able to bail the banks out when that paradigm causes the shit to hit the fan as serially happens and as we saw in 2008. The answer is to break up that monopoly concept with the new concept of Strategic Monetary Gifting primarily with a policy with real teeth and stupendous benefits like the 50% Discount/Rebate at both regular consumer retail sale and also the point of financial retail sale which is one’s mortgage, insurance, automobile or other big ticket item’s monthly payment. Doing that mathematically doubles the regular everyday purchasing power of EVERYONE and doubles it once again for any new indebtedness. IOW you get $100 worth of groceries or other consumer goods…for $50 and a $500k house for $250k and then when your monthly payment comes due the central bank pays 50% of it. All commercial agents get their full price and chronic erosive inflation is transformed into beneficial price and asset deflation. Its a paradigm change in a single policy.
Finally, the answer to the cynic, which the banks are hoping you fall for is two fold: #1 we the individual and commercial agents other than the banks are many and they are few, and #2 the truest of political truism’s is: People vote their pocketbooks.