I agree. Too often sweeping viewpoints are made without data. The crazy part is this is not some grand hidden conspiracy, the data is out there to explore and use to support arguments for and against the fed. [1][2]
Agreed, there is no conspiracy here. Just a series of systemic flaws. What's scary is that there needs to be a discussion on this but few economists are brave enough to voice their concerns. David Harvey, Steve Keen, and others are stepping up but we need more people.
[1] http://www.federalreserve.gov/ [2] https://research.stlouisfed.org/fred2/