"In the short term, governments and central bank administrators believe they can achieve their goals by debasing money to finance credit creation and spending on important causes. Governments may believe they are boosting the economy, or protecting people from the consequences of free markets, but by debasing the money to achieve these goals, they are creating malinvestments and sowing the seeds of great long-term harm. Attempting to rescue the economy from the inevitable resulting crises results in further credit creation and bailouts encouraging irresponsible behavior, rewarding the wasteful and punishing the prudent. In that way, central banks all but ensure the boom-and-bust cycle will become a permanent fixture of an economy, and their power over the market grows. Over time, the result is the destruction of capital, money, the ability to save, and the division of labor itself. Placing money in the hands of government monopoly is far from a panacea; it is destroying the foundations on which human society and modern capitalist civilization are built." - Saifedean: Principles of Economics