the Fed is systematically stealing money from savers and fixed income people who depend upon interest income from savings
Meanwhile these savers are forced to put their money in much riskier investments to have any chance of getting decent returns. The Fed continues to supply the crack that the stock market thrives on.
"Cheap grace is the grace we bestow on ourselves. Cheap grace is the preaching of forgiveness without requiring repentance, baptism without church discipline, Communion without confession.... Cheap grace is grace without discipleship, grace without the cross, grace without Jesus Christ, living and incarnate. ― Dietrich Bonhoeffer, The Cost Of Discipleship