You raise a very good, established point from the world of economics. Realize, however, that economics is a soft science unlike chemistry or physics. The theories of economics can't be tested, only observed.
All economic theory to date is horribly flawed. The economic experts certainly know it. But then they also know who they work for too, and whom not to dare cross.
Western Economic theory, Austrian Economic theory, both horribly flawed.
Yet fools fall for one, or the other.
Just like they were suckered into voodoo economics too.
And for the very same reasons (self serving greed).
Enough forcing future generations to pay for the past and present generations.
END THE FED.