Sorry, I did laugh. I’m not a proponent of a managed economy, but I do like the Constitution as constituted. Pun intended.
I’m happy to hear what you see in the Fed strategy, but I think I get it. My point is that the Fed is run by humans, humans are fallible, the Fed is fallible. Perhaps more fallible than the market.
The fiscal issues are bad enough and would create problems left and right. Most of the current fiscal issues are wholly the creation of government and I mean that in the broadest sense - taxes, regulations, entitlements, and etc.
My point is that Fed ‘intervention’ rewards bad fiscal policy and bad political behavior.