Why is it legal for Central Banks to destroy the economy?

Central banking itself is nothing but a massive price-fixing and wealth-transfer operation.
In the case of central banking, the wealth flows from ordinary citizens and savers to the richest among us. The proximate rationale for this wealth transfer is that the financial system itself will implode if the biggest banks and financial firms are not propped up.
But this justification is nonsensical. The West is facing an outright depression because a handful of elite bankers have propped up their cronies using the phony rationale that certain entities are "too big to fail."
They are NOT too big to fail. Central banking monopoly funny money has stimulated Western economies to absurd heights, causing first a boom and now a terrible bust. Yet the insolvent companies themselves have been propped up once more with the same fiat currencies.
As a result, lenders have no idea who is really solvent and what industries are healthy and what industries are not. This is no hypothetical issue, either. The US government has propped up failing General Motors with billions. It is seen as a company on the "comeback" but is it really? Who can tell?
Nobody knows who to do business with and as a result the system is effectively frozen, with lenders refusing to lend and companies refusing to hire.
The current inflationary depression is a direct result of central banking policies. And yet central banking in the US and abroad is the "law of the land." Why is something so destructive not only legal but nestled at the heart of Western industrial economies?
Daily Bell excerpt