Central banks have the power to manipulate the value of fiat money through inflation from "summary" of The Bitcoin Standard by Saifedean Ammous
Central banks have the ability to increase the money supply by creating more money. This increases the amount of money in circulation, which leads to inflation. Inflation reduces the purchasing power of each unit of currency, making goods and services more expensive. This means that the value of fiat money decreases over time as more money is printed. The power to create more money gives central banks control over the value of fiat money. By manipulating the money supply, central banks can influence inflation rates and, in turn, the value of the currency. This is a significant power that central banks have, as it allows them to adjust the value of money to achieve certain econ...
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