[cryptica]

I think that this is a very strong argument. The opacity of the system is in itself sufficient grounds to label it as unethical. It's not ethical to coerce someone into accepting the value of something that they are not capable of understanding and which constantly changes in ways that they also cannot understand.

If, without telling you, I took a gold coin from you and replaced it with a gold-painted led coin and then I gave your gold coin to someone else, this is stealing. The fact that you don't realize that there is a difference does not matter. How is this different from what the Fed is doing?

It's not right to assume that this economic system treats us all equally on the basis that everyone is equally incapable of understanding it.

People game the system by observing what works and reacting to familiar situations in ways to maximize their personal benefit. If the rules of the system don't change for a long time, the system becomes ossified and we end up with an inherently unjust system.

Goodhart's law states that "When a measure becomes a target, it ceases to be a good measure" - The measuring tools which the government has been using to operate our economy are already well understood and have being exploited for a long time.