I took basic economics
Did you pay attention? This is Keynes 101. Well, they
think it is, anyway.
More money in the system always helps government and always hurts consumers.
Um... no. Inflation helps debtors, and hurts people on a fixed income with no COLA-like adjustment. It hurts debtholders when it exceeds the interest they charge. Most consumers are wage earners who carry debt. Savers who hold large liquid assets entirely in cash under the mattress with no inflation protection are just idiots, and are probably not consuming debtors anyway.
Hyperinflation is a really bad thing.
True, but we're not zimbabwe. Third world crapholes hyperinflate because they have zero chance of backing the currency with *any* production. Remember, zimbabwe didn't hyperinflate until
after the means of production was literally run out of the country. If production completely freezes here, then I'll worry.
The Japanese copied the FDR model..
Eh, kinda. From Keynes to FDR to Japan to today is three big leaps. Play telephone with kindergartners and you'll see why historians never say "this is exactly like when..."
Keynesian economics will get you out of a slump. The problem, as we discovered post-depression, is that getting government to throttle back is impossible. Once people latch onto the teat, they don't want to turn loose. So, Keynesian economics turns into a giant ponzi scheme at some point. If everything keeps growing steadily, outpacing obligations by inflating through increased production, we're cool. Pushing entitlements and the like indefinitely into the future creates a drag that prevents growth from outrunning obligations, and at some point (probably not right now. Sorry teotwawki folks) it can't keep up.
Anyway, the point is that anyone who tells you that he has a macro solution to something is probably a liar who's selling something.