We’ve been in a depression for over ten years covered up with funny money, we traded bread lines for debt. The only way out now that the economy is picking up, is to cut taxes, open all the valves and remove all economic impediments.
I think you’re right about the depression/funny money part, but the Fed allowed the economy to implode with their lack of interest rate increases back before the ‘07/’08 crash. Houses were increasing in price faster than wages could support. Thus, there was so much lender-induced Tom-foolery used to shoehorn people into houses...people that should never’ve owned a house...the trickery finally caught up with the market, and the bubble burst. Even the homeless, sleeping in their cars in the Wal-Mart parking lot, were finally buying houses. (Heck, we refinanced twice during that period...both 15year fixed...and we’re still benefiting from that.)
If the Fed really wanted to help America, they could judiciously adjust rates up our down to control the overheating or slowing of the market, but they don’t. The Fed uses their “power” for political harm...and I think...mostly to harm Republicans.