[QUOTE]Why has the amount of money to be regulated?[QUOTE]

If too much money is created, as would probably happen, it would be inflationary. Money's job is to be a medium of exchange which is universally accepted and a store of value.

As we all know, prices have inflated by about a factor of 50 over the last, maybe, 100 years. This is because inherent in our present debt-based system is the need for the money supply to constantly increase.

Runaway inflation or deflation can devastate an economy and peoples' savings and the supply of money needs to be regulated to combat it.

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"...Money exists not by nature but by law." Aristotle (Ethics, 1133)