Plus private banks provide stimulus (i.e. create money and lend it out like there’s no tomorrow) in a boom, which is exactly when stimulus is not needed. Plus come a recession, the call in loans, i.e. destroy money, which again is exactly what is not needed. Money creation by private banks is a pain in the a*rse.
Well in that case I’ll tell politicians the economy will be hit unless I’m allowed to print money, and they’re bound to fall for that sob story, especially when I stuff their back pockets with wads of $100 bills so as to “make them see sense”.