Central banks are not privately owned but the property of the government. Ending central banking would be giving the keys to the global economy to the financial institutions they are meant to be regulating.
The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it.
As an economic term, “inflation” is shorthand for “inflation of the money supply”.
But for the general public it is usually felt as “rising prices” – which is not surprising since one of the common effects of an increase in the money supply is higher prices.