The Last Gasp?

Anyway, to make matters worse, the Fed bought
up, for itself, $2.2 billion in government debt.
Hahaha! What a scam! The Fed snaps its fingers
and creates $2.2 billion, and then uses it to buy
$2.2 billion in government debt! Hahaha! What in
the hell can you do but laugh at the sheer
audacity! Somehow, a government creating more and
more money and spending it is not, for the first
time in history, going to turn out to be a BAD
thing? And especially one where the money is just
paper and computer blips that they can create on
a whim? Hahaha!

Full essay.