Something for you to think about, Smuffin: who does the Fed's policies hurt most?
It's not the top 1%, because they're the ones receiving the bailouts. It's not the bottom 50%, because they don't pay taxes, and therefore are not responsible for the US government's debt. Besides, inflation is the great equalizer, unless you are sophisticated enough to invest your money in inflation proof assets. And people generally don't do that in the USA unless they are in the top 1%, even if they have the means to do so.
The group that suffers most from excessive government debt and inflation is the upper middle class. They pay most of the taxes, and hence for most of our government's spending. The upper middle class is composed primarily of college educated folks (college educated is roughly equivalent to the top 25% in the US by income). They suffer the burden of bailing out the top 1%, while simultaneously inflation eats away at their margin over the bottom 50%, because these people are not good investors.
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