As I posted yesterday, this is exactly what Germany did. Only the Weimar inflation wasn’t a result of Weimar policies; the inflation was a result the Kaiser’s government’s financing of war debt. The Germans paid for the war by internalizing debt (selling bonds to themselves) with short term notes and monetizing it when it came due. We are doing exactly the same thing.
The Fed is not evil. There were not that many complaints about the Fed in the last decade when it kept inflation and interest rates down. It could do that because the Federal budget was more or less in balance. The only, ONLY reason we are headed for Weimar/Argentine inflation is the federal governments runaway spending. Hell, the Feds don’t even HAVE a budget. The Fed has no choice; it HAS to paper over the debt. IF the republican controlled House can create a rational budget and get spending under control, the inflation goes away.
So, an organization that was designed to enrich the few at the expense of many, and ultimately enslave the many, is not evil?
Earning interest on money that was created from thin air and is backed by debt (less than nothing) is not evil?
"Divers weights, and divers measures, both of them are alike abomination to the LORD. Prov. 20:10"