Nice article. I agree the "money printing" carard is misleading. However, you seem to argue that because the public is wrong (false) that the Fed's buying bonds will hurt the economy is also false.

It seemed to have worked in 2008, the Fed buying up bank assets. I'd make an argument it did not. It lead to greater income inequality, bitter feelings, Trump and an increase in violence.

Can the economy survive another hit to socio-economic factors which arise when the Fed acts like the very institutions it's supposed to oversee!? Who oversees the Fed's assets now?

Sure, if the Fed didn't print money many businesses would fail and the economy would go into a recession. But so what? How long would it last? Would we be better off going through it now than letting the problems pile up? The public may be stupid, but they understand that property owners are being favored over workers. They understand that the Fed is corrupt.

Again, nice article. But you lost me at the end.