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I think it's the other way around. CB create money as compared to governments, and they are rather insulated from pressure to create money in normal times. The point being to limit the danger of runaway inflation if governments decide to print money arbitrarily. BUT I am very very far from being an expert or even terribly well read on any of this.

It seems to me it would be a lot more useful if we create money and the government spends it (e.g. on infrastructure, or by distributing it directly to people most likely to spend it), rather than indirectly creating it through QE (which in mechanism, if not in effect seems quite different from printing money), etc.



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