Governments will never give up the control of money creation

In contemporary economies, money creation takes place in two places : Money creation by the central bank , which enables the government to buy its debt and benefit from "public" seignorage ( a fall in the real value of central bank money caused by inflation); Money creation by banks, when there is lending, which enables banks to benefit from "private" seignorage (a fall in the real value of bank deposits caused by inflation). This money creation by banks is closely regulated through bank regulation. We remember the "100 % money" initiative in Switzerland that aimed to abolish private seignorage. It seems impossible to imagine that governments will accept new private operators ( the GAFA) creat ing money and benefiting from seignorage, which would therefore deprive countries of part of the seignorage, without be ing as strictly regulated as banks.