But that's essentially the problem underlying the entire world financial system: the privileged ability to create money (and debt) at will has, unsurprisingly, led to a severe lack of discipline amongst those privileged to do so. Anyone familiar with the history of such abuses of monetary levers of power knows how this story ends: badly, and in many flavours of badly. And the current abuses (in fairness, only sanctioned by IMF hubris so they're only indirectly responsible) are probably the greatest ever seen. It's prudent to expect the economic fallout to be on a similar scale.
Let me interrupt you here. As kind of first, I'm gonna tell you that I agree that the lack of discipline may lead and in many cases, like in Zimbabwe and Venezuela, actually leads to heavy abuse of the system built on printing money at will. Then the logic of your thought seems to suggest a rather frivolous and reckless thing. It is fixing the deficiency of one system, in this case the system which involves unrestricted money printing, with the strength of another, in this case the system based on monetary supply limited by a finite resource. But you seem not to care that the second system, despite its self-imposed monetary discipline, is a lot worse in and by itself than the first system whenever the latter has proper monetary discipline in place.
Do you understand how erroneous this approach is?