Central Banks play a critical role in our economy by creating money and regulating the value of a country's currency. Despite their immense power and influence, Central Banks are often operated like private companies, creating debt and generating profits from activities that should be in the public domain.
To address these issues, it is essential to recognize that Central Banks should not create money for their own benefit. Instead, they should function as non-profit organizations that only regulate the value of their currency. Any operating costs should be covered by the government, not through interest charges or payback.