No, we shouldn't. Politicians have a very long and impressive history of running up excessive debts and then printing their way out of them. The Fed was created from a careful compromise between loose money and sound money interests, and could probably do with a bit less interference from the political class. As someone who works hard and saves carefully for retirement, I would prefer to avoid to have the risk that my investments would be devalued in real terms at some point in the future because the two main political parties in US over the last couple of decades seem to view compromise as the act of raising spending, cutting taxes, and borrowing money.