To Starve The Beast You Must Restrain The Central Bank

Good article in Investor's Business Daily about how anyone interested in limiting government spending must also advocate doing away with or at least restraining the central bank.

It could be added that real life examples of this include the many euro area governments like Greece that now implement spending cuts because they lack a central bank that can finance their deficit spending. Similarly, because California and other American states don't have central banks of their own they are similarly forced to reduce their spending, unlike the U.S. federal government that can expand spending all it wants since the Fed can finance it through "quantitative easing".