You can whine about how it goes against the spirit of Bitcoin or how it violates the wishes of our Lord Satoshi, but I feel that it is a certainty unless laws are enacted to prevent it.
If a central bank was not able to print money then how on earth do you think it could create a fractional reserve currency?
The only way to create a fractional reserve on top of bitcoin is to create a new token layer atop bitcoin, these tokens are issued (printed) or withdrawn (destroyed) by the central bank. Giving it lots of power to control inflation/deflation.
That's not how FRB works.
Yes it is.
FRB creates new money out of thin air every time a new loan is created.
In asset backed FRB: If FRB bank has 100 real units of assets to back the FRB then it is "allowed" to issue up to 1000 certificates for unit assets.
The term "run on the bank" means everyone goes to redeem the certificates at once. That would be a problem because 90% of those certificates are just printed bullshit.
The fraudulent activity is said to be "needed" as a way to control inflation/deflation, but that excuse is a crock of shit, it's only needed to financially rape the citizens.