"Monopoly monetary inflation is the proximate cause of economic ruin and has ruined economies large and small for thousands of years. There is no need to blame anything else. When power over-prints money, as it inevitably does, the result will be the eventual demise of the civilization in question."
See? That's not so complex. And it's the truth. Monopoly central banking systems are entirely unstable. Even non-monopoly systems offering pure fiat are likely unstable because they will generate price inflation. But within a competitive monetary environment, people should have the ability to choose – even clearinghouses that print money.
The REAL problem is when bankers use mercantilism to create and sustain monopoly money printing. Mercantilism is the bane of free-market economies. When bankers pass laws to provide themselves with legal support for their own interests, that economy is on its way to ruin.
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