They don't just buy and print ad naseum. Remember, when the Fed buys a bond from the Treasury money gets printed, but the Treasury has to pay the bond back and

They don't just buy and print ad naseum. Remember, when the Fed buys a bond from the Treasury money gets printed, but the Treasury has to pay the bond back and as that happens slightly more money gets destroyed. The amount of debt the Fed owns changes over time, it doesn't increase continuously. It tends to just maintain a fixed amount of it. It's been going down slightly lately: https://fred.stlouisfed.org/series/TREAST https://fred.stlouisfed.org/series/TREAST