Alright, since this isn't an argument, I'll respond.
No, to spend the printed money on infrastructural, scientific and similar jobs, or on job-retraining programs. Otherwise, they're useless true. The problem is that due to endogenous money supply, it was already created, so QE isn't inflationary, but is instead monetizing the already created inflation. Which is why it's usefully spent on public goods, job retraining or on buying up the toxic mortgages and abolishing them rather than awarding the bankers.
And, sure, debt is a disciplinary tool used against workers, consumers and recalcitrant countries. No argument there.
I don't believe in some transcendent wealth concept, only monetized capital.
I really like these guys theories: http://bnarchives.yorku.ca/324/2/20111228_bn_da_ft_lexicon_dv.htm
http://bnarchives.yorku.ca/259/2/20090522_nb_casp_full_indexed.pdf
All capital is differential and is a reified political claim on wealth. To me, this conception is the only way to solve:
The problem of value, either in its form as a. labor, or b. utility & scarcity
The non-existence of any 'free markets' in history and the institutional and usually state led creation of a. markets, as such b. labor rules and remuneration c. the alienability of land d. the value of money e. the security of contract f. the structure of property rights g. the public goods required for society to function; All of these are arbitrary and need an authority
The Sraffian problems that a. Techniques of production are profitable at different disjunct level of interest b. Interest and Labor/capital deepening are not well behaved c. that capital's magnitude cannot be measured independent of its distribution
That a. aggregate demand has no necessity to behave 'well,' the so-called the Sonnenschein-Mantel-Debreu theorem b. the folk theorem showing that any technique is possible in the long run
That time and complexity cannot be simultaneously handled, if at all, by neo-classical theory, given that any a. time-endogenous behavior forecloses equilibrium and is prevalent, that b. decision theory cannot handle time-inconsistency c. that multi-sectoral models only work where static equilibrium is presumed
That the existence of a. transaction costs, b. externalities, c. network, Giffen and Veblen goods, d. path-dependance, e. reputational concerns, f. non-transitive, well-ordered and socially and mutually independent preferences, g. the endogeneity of demand, h. the endogeneity of supply, increasing returns to scale and learning by doing render the existence of well-behaved functions nearly impossible
Where all behavior is conceived of as strategic, differential accumulation, none of these problems arise. It's an agent-neutral model, subject to none of the peculiarities above.