Love the Ayn Rand reference and congrats on the degree. The Fed's objective would be to get money into the economy without going through the banking systeml. Nomrmally the Fed prints money and buys treasuries from dealers in banks. Then banks lend the money and the money supply grows. If the banks don't want to lend and the consumer doesn't want to borrow then the Fed can monetize the debt issued by the Treasury. In other words the government spends and the Fed prints up the money. Simple and deadly. Just ask the citizens of Zimbabwe. They don't want to take on debt and the banks don't want to lend but that doesn't stop inflation from going to 1million %