[Thanks to Ray and others]I think we had this, or something similar, up at some point. But it speaks simply about some very important basics which desperately need attention.
Why can banks legally create money out of thin air?
Why do governments borrow money from banks at interest to be paid by taxpayers, when governments could just make the money themselves?
How did the vampires come to run the world?
Basically, the banks only create money if there is an increase in debt. So if the government wants to restrict the amount of money all they have to do is to deter people from borrowing by increasing interest rates. That would also constrain asset prices. Actually at the moment in the US money is disappearing as deleveraging occurs and borrowings decrease.
A more philosophical point is: how come they get to, and others don't? If you could just write "a million dollars" on a piece of paper and lend it out at interest, I think business would be easier. Who made the banks God and Creator of the money world?