The current system of relying on centralized human judgment to manage interest rates is inherently prone to creating imbalances that drive boom and bust cycles. Satoshi Nakamotos answer to this is:
Fix the money, fix the world! 

If you really want to know how evil the current system is, you need to dive deeper into Austrian Economics. 

Here is a classic:
 "Man, Economy, and State by Murray Rothbard": This comprehensive treatise covers the entire body of Austrian economic theory, building from first principles. It's considered a cornerstone of modern Austrian thought. Be prepared for a challenging but rewarding read.