Well they were printed mostly to stop rich people from defaulting on loans, keep companies alive for the and keep them paying their workers etc. So the fed may

Well they were printed mostly to stop rich people from defaulting on loans, keep companies alive for the and keep them paying their workers etc. So the fed may have very well succeeded there (we don't have the counterfactual, no fed intervention would have likely been not good though). Possibly it was overkill and taxation -> wealth transfer to poorer people makes sense though.