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  5. The power to determine the quantity of money... is too...

The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power.

Milton Friedman
People, Important, Needs
Milton Friedman, Kurt R. Leube (1987). “The essence of Friedman”, Hoover Inst Pr
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power.