Did you not pay attention to the Fed's policy moves over the past 2 years? Which were clearly far in excess of what was necessary, once the acute crisis passed.

Did you not pay attention to the Fed's policy moves over the past 2 years? Which were clearly far in excess of what was necessary, once the acute crisis passed. They didn't even blink as housing rallied at the fastest pace in history as they continued to buy MBS month after month, artificially pushing mortgage rates lower. Hard to argue they cared at all about overdoing it, or distorting unviable companies towards profitability. This kind of policy approach steals wealth from future generations to pay the present. It's basic math. Personally, I prefer policy makers that optimize for the long run, even when it makes the present a bit more challenging