"anyone who believes that income distribution can be through the "market" also believes that Mr Ponzi had a magnificent financial plan"

Seriously? And you believe that "government" via taxation has a better distribution of income that what can come about by trade freely between individuals for the benefit of both?

"Printing of money has provided the fuel to harvest a crop that would have otherwise been lost"

But what crop are we harvesting? More goods and services that improve our standard of living? Or inflated asset prices like stocks and bonds that mostly benefit the already wealthy? If the newly printed money is harvesting something beneficial, why are average inflation adjusted incomes going down instead of up?. Why are middle income peoples standard of living going down instead of up?

"So you aren't borrowing from your grandchildren except in the case that they may have to apply taxation on wealth that it has been to easy to evade in our time. "

Money is the coupons we collect that store our labor and capital, labor and capital we do not want to make claim on now, but wish to "spend" in the future. Money is what society has chosen to allow barter to have claim checks to be used for the future instead of current consumption. Money (savings of money) is delayed consumption. Debt on the other hand, is consumption now with the promise to provide our labor or capital at a later date. Consumption now, pay later. So we very much are consuming now with the expectation that there will be labor or capital at some point in the future to satisfy the debt that we have borrowed from someone else so that we can consume now rather than later. We very much are obligating someone in the future to pay the debts we accumulate today. When the debts to be paid are by government borrowing, since we are in aggregate the owners of government, it is an obligation for future taxation to satisfy those debts. Taxes in the future so we can consume today. To think otherwise is to assume we will never pay the debts. To assume we will never pay the debts back is to assume the ones loaning us current consumption for future payment are fools to do so. Personally, I think they are. I also think some day they also will realize it. At that point we no longer will be able to borrow from others so we can consume beyond our means today. As far as the portion "that we owe ourselves", we are just fooling ourselves if we think we can borrow from ourselves with no repercussions. That fallacy just debases the value of our existing money so it buys less. Some people understand this process and take advantage of it (the 1%) while the rest get small amounts skimmed off their standard of living to pay for it without realizing it.

QE has been a massive failure that we have yet to feel the brunt of the full effect. It has increased the wealth of the wealthy and politically connected and made future obligations for the rest of us.

I hope all your comments were meant to be "tongue in cheek".

John