The central bank and it's counterfeit money scam is typically reigned in to an existence following the outcry for "price stability" and "neutral money".

The problem at hand is usually horrific. Prices are falling and money aren't neutral. Families typically get by on only one income and even that allows for luxuries such as an automobile, for example. What's wife to do? Although both producers and consumers seem to be just fine with this situation, the role of the government diminishes together with the need for the government.
Something needs to be done to correct the situation, something needs to be promised for the medium term.

The government and prominent money changers, come forward with a plan for salvation. They pledge to support the price stability and / or the neutrality and do what they can (for the medium term). In the long term, they say, "we are all dead". To do that, they need one thing only, - an immunity to write counterfeit checks.

After the central bank has been created, it becomes vividly and immediately evident, that the prices have become stable at last. Albert Einstein would bet on that, he wrote a whole theory proving that if the point of reference moves along with the point referenced, then it could be said that there has been no change in their positions. Families are happy to finally add a wife's income to the pot and to send kids to the indoctrination camps, gratefully unable to pay for the school nor tutor. Remember how Ford's autos were made affordable? Who needs that, when the benefits of capitalism system could be made to serve only the government? Well, if the Ford was doing it these days, the prices on them would hold stable, just the quality would steadily fall, ain't it a success?

Right along these successes in economy, there seems to be more and more need for the government too. Because there is more and more stability of prices and the interests of the poorest and the most vulnerable of it's citizens are finally protected, the welfare system is introduced, to help the government to cope with ever multiplying numbers of poor and vulnerable.

Why didn't we think of it before? Why were we turning a sour face to a bouncing checks? That was The Solution, all the time being right next to us, and yet, we did not see it. It only happens once in a hundred years, that a true genius is born. Last time it happened, it was John Law, who showed France the light, and this time is was the English Lord John Maynard Keynes, who had came forward with the bouncing check revelation and again, had saved the day.

All hail Roosevelt, Law, Greenspan, Keynes and Jean-Claude Trichet!