I just published an essay on the Fed's money creation from 2007 to date. They're creating money and funnelling it to foreign central banks to maintain the strength of the USD. Due to the private banks receiving the USDs from their central banks, housing, stocks, and the entire global financial market is inflated, but the inflation isn't carried over into other markets. It's dangerous because banks will more than likely engage in riskier practices, and we'll suffer their predatory tactics while they'll get bailed out.

Congress refuses to think of spending as an investment in the public, yet the Fed is throwing all kinds of money at whomever they choose.