A central bank can create and distribute whatever amount of money an economy needs. Plus that form of money is TOTALLY safe. But those running PRIVATE banks have convinced politicians and economists that the bulk of the money supply should be issued by those PRIVATE banks and should come about as a result of those banks making loans: that type of money is created when private banks grant loans. That means that in order to ensure the safety of households’ stock of money, politicians have to devote billions of pounds taxpayers’ money to bailing out money lenders, when those money lenders c*ck it up.
The naivety of politicians and economists, and sheer brass nerve of money lenders are jaw dropping.