If anything it seems more like crony capitalism, when the CPI is understated and all investments are excluded it drives down borrowing rates and bond yields, which raises stock values and provides a stream of revenue to those with access to the most credit.

People like Elon Musk who avoid paying taxes by borrowing cheap debt, which who would lend to him their own capital when his collateral is Tesla stock and silly ideas like space datacenters. Which is entirely built on speculation and pumps to new all time highs whenever QE is unloaded into the market; they would be taking the risk that Tesla doesnt go to 0 for a small fixed income payout, if it was their own money and a bailout wasnt guaranteed.