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RE: We should all congratulate the Federal Reserve for stimulating the U.S. economy
The world without central banking is like the earth without a sun. It isn't possible to have a country without a central bank. You are submitting an impossible rebuttal. When you say the next bubble will burst large, I tend to disagree. I think the next bubble burst will be minimal and short lived, since QE was so large. Recessions like the Great Recession tend to only happen once every 50-100 years, so the data shows. I agree with your metaphor that the Fed is cancer, but there is no cure for cancer, just like there is no other alternative but the Fed.