Central Bank Planning Is Rule By The Most Conceited; And Neither Desirable Or Possible

Central bank planning of the money supply is neither desirable Nora possible. It is ruled by the most conceited, making the most important market in an economy under the command of the few people who are ignorant enough of the realities of market economies to believe they can centrally plan a market as large, abstract, and emergent as the capital market.  Imagining that central banks can “prevent,” “combat,” or “manage” recessions is as fanciful and misguided as placing pyromaniacs and arsonists in charge of the fire brigade.”

The Bitcoin StandardThe Decentralized Alternative to Central Banking, p. 119, Saifedean Ammous