There is no canonical free market. Free markets require enforcement of property rights (otherwise people can run around taking each others property). Once you h

There is no canonical free market. Free markets require enforcement of property rights (otherwise people can run around taking each others property). Once you have enforcement of property rights - there is some form of government. Once you start talking about all the various cases for property rights enforcement - you end up with various rules to try to manage fuzzy cases and protect property. You could claim that it's not a free market with the set of freedoms or policies that you'd like to have implemented, but to claim that the US is not a free market just because the Fed has taken some action seems like a fallacy to me. (BTW I agree with you in questioning the wisdom of that particular set of Fed actions..)