> This is generally viewed as "bad" because if government simply prints money to finance itself then it suffers none of the short term negative political or practical consequences of doing so via taxation. This means it also faces comparatively little pressure to spend efficiently, which results in serious misallocation of resources over time.

If you proxy government for companies in this sentence I would argue that is what is happening now. A large number of companies borrowed as much money as they possibly could during QE because they viewed it as "free money" with the low interest rate.

The impact being "money is cheap" and a large number of ventures have been engaged in that do not have real value.

Ultimately the "price of money" is always going to have a counter-balance of inelastic goods aka raw assets. While I agree that QE is not the sole cause (low interest rates are also to blame), I do believe it has had a net negative impact, particularly by inflating the price of assets among those who had access to excess (often times QE involved) funds to acquire them.