How more immoral is it to illegally counterfeit money than it is to legally counterfeit money? Law and morality often have no bearing to one another these days, even if they should.
The Fed steals 2-4% of your savings every year, even if you don't live in the US by exporting inflation worldwide. How is this guy any worse? I might argue he's less bad because $200mm is a drop in the bucket compared to 2% of the world's savings, which is on the order of trillions.