I certainly think there's a huge problem with the way the Fed's behaved. In 2008, they acted to transfer private losses to, essentially, taxpayers and/or recipients of public services.

I'd like to see central banks only create money in exchange for something tangible (essentially acting as a pawn shop), and certainly not for the liabilities of an institution which is insolvent to the tune of $30+ trillion. The Fed's effective insolvency is what I see as the biggest scam.