if the gov. had any insight into what makes an economy work, Q-E would have never been put into existence. instead they could have given companies large tax beaks for hiring American workers and demanded repatriation of the capital companies are storing in off shore accounts...we would have been much farther ahead by now. 5 years is the worst recovery this country has ever seen,.
all Q-E has done is postpone the crisis and not accomplished any of it's goals...PERIOD!
Did not Bernanke state that there was no housing bubble back in 2007 before they were forced to leverage their balance sheet and change long-standing accounting rules (FASB 157)? Let's not forget these important facts going forward in this credit bubble.
It's done worse than that by driving overall total private and public debt to even higher record levels than the last two collapses from 2000. In addition, $12 trillion in cash interest income lost since 2001. Now the imbalances are worse than before making the future reconciliation of this credit bubble an even more protracted affair than would have been otherwise.
QE was and is a complete success for those that implemented it! It was designed solely to take $10 trillion from future generations and from the middle class and poor and give that to the banks and wealthy!
While doing so it threw a few crumbs down to those mini parasites in the stock market to maintain the illusion of economic stimulus!!