Generally speaking the vast majority of money is created by the private sector and not the government. For the Fed to be able to "fix" this by printing more mon

Generally speaking the vast majority of money is created by the private sector and not the government. For the Fed to be able to "fix" this by printing more money would already represent a large systematic change. This isn't impossible but fending off a deflationary shock is far more complex than people tend to assume, I think in part because of underlying assumptions that the majority of monetary creation is done by the government when in fact that may not be the case.