Earlier quoted context omitted.
Hi. Recovered crackpot here. You're stuck on a few ideas, routinely propagated by people overwhelmed by the complexity of the interface between global economics and politics, and made attractive by their apparent simplicity, that I have previously considered, and already thought myself out of. The Fed: The Fed is a pseudo-governmental organization, like the Postal Service or the Federal National Mortgage Association…
> And lending additional money into existence based on fractional reserves of currency is counterfeiting-by-the-law. It's a similiar unethical con to "naked short-selling". Are you referring to debt monetization, QE, something else? I'm unsure if you're referring to something the Fed prevents or actively practices. QE helps to heat up a faltering economy, at the expense of contributing to income inequality.
Quantitative easing smells like Keynesian claptrap to me, but I'm not an economist, and it might be one of those things that works if it's needlessly complicated, only because if it were simple, the markets would immediately adjust to it such that it would have no real effect. I have a sneaking suspicion that QE is what happens when you don't have enough value-backed money left in the economy to pay the interest on all the debt-backed money, and all rational actors stop borrowing. So the answer is to create dummy debt and let people use it as the backing for the money used to pay the interest on their real debt? I don't know. That science is too dismal for me.