I am referring to the usa and creation of money supply. As another person pointed out one entity does not control the supply of money. The private banks are responsible for loaning(creating) new money. The fed just ensures those banks have the means to do so if market forces warrant it.

Although I agree with your point, a large imposing centralized force will ultimately lead to a controlling singular entity over time in such a system. But won't go sk far to say thats the way it has to be.