> But never give control of the printing press to politicians.
The current system gives a ton of control to politicians. Modern states are pretty much never constrained from doing what they want to do for lack of money. When's the last time you heard them say: no we can't go to war, it will cost too much ? As well as allowing them to spend money however they want, the current system allows them to *not* do the stuff whenever they don't really want to (eg when it would only benefit a group with no political power such as single parents or the disabled) by claiming its too expensive.
If the government invented the money instead of the bankers that would eliminate the need for taxation which would get rid of the main excuse for the government to keep tabs on everybody and everything. The IRS would disappear completely for instance. I strongly recommend http://www.amazon.co.uk/The-Gr... . I did a couple of years of economics at university but this was a real eye-opener.