The money is used to buy bonds. Why is that terrible? What way would be better?
Buying fed govt bonds with the new currency only enables the fed govt to waste more money or give more of it to obamaS terrorist Muslim comrades Or whatever. This only further depresses the economy. ( on top of all the administration’s other anti- business and job- killing policies. ). Even the communist Chinese are openly warning against more printing of fake money or else they will start selling their us bonds instead of buying more Others here can provide you with more detailed explanations but basically almost everything g the washDC politicians have been doing the last several years is depressing the economy further and further.
Why have the Fed make all that money. How about a system where the people are invested in their own country rather than the fiat currency schemers?