No more so than what Greenspan, Bernanke, & Yellen have done. Bernanke testified he would not monetize the debt yet that is exactly what he did. (from 2009) The entire Federal Reserve system has extracted and stolen peoples life long labors for over 100 years. The natural tendency is towards slight deflation.TV's computers,phones etc gradually come down in price as technology advances and productivity increases this is supposed to be a good thing and is supposed to benefit the working people. It allows them to buy more product with fewer dollars with their hard earned money. However with easy credit and the QE policies the Fed is actually stealing the economic and productivity gains from the citizens in 2 ways. While products are cheaper to buy the citizens money is worth less so they still end up paying more in real stable dollars. They steal the value of the money AND the productivity gains on top of it. Another more sinister effect also occurs.In the case of assets such as land, homes and stocks a 3rd form of theft is readily apparent. Massive ramp ups in valuations of these items is done through devaluation of the dollar and stealing the productivity gains and efficiencies all along the way. These translate into inflated asset prices, which when one sells or hopes to profit by to recapture some of the stolen efficiency/productivity gains there stands the Govt. again with it's hand out to collect ever higher taxes based on imaginary gains that they themselves created. Edit: lets not also forget in the case of land the higher real estate taxes all along the way. Just ask those in Nebraska how those inflated land prices are crushing them via higher property taxes. They have stolen the value of the money (ie your hard labor) all through your lifetime, reduced the buying power of the money you were able to acquire, and then when you hope to capitalize on a little bit of your life's work they confiscate even more based on imaginary gains of their own creation. Everyone seems to hate deflation but the dual mandate of the FED was supposed to be low unemployment and stable prices. People need to see that as they devalue the currency (which is the store of your hard physical labor) They are really stealing your hard labor from you with no compensation. Lets call it what is. This is theft of labor (as measured by the devalued currency) which equals slavery whether monetarily or physically it's the same Stealing labor is slavery to benefit a bloated govt. and banksters ! Until people stand up and demand that their labor is their own this is going to continue. The main purpose of a currency is to retain stored value. This allows you when young to save excess labor you are able to do quite easily for a time when you are old and perhaps are unable to work or wish to not work as hard as say when your 18. Their "desired 2% inflation rate" is far from low and stable.
Info below credited to Mr Denninger's post located here.
the link below will no longer take you to this article. I provide it here as that is where it was quoted from and I wish to give credit to the source of the blue text below
"The Fed Mandate is for stable prices, not 2% inflation. Need I remind everyone that a 2% inflation target, if met over a 45 year working life (age 20 - 65) results in a price increase of 144%? Of course the actual performance of The Fed historically is closer to 3% inflation. That's a 278% inflation over the same 45 years. Put another way if you earned $1 in purchasing power at age 20 and saved that dollar, you have about 35 cents left at age 65. And this is Bernanke's intent." | 
Financial sector expansion.
