The idea that former Federal Reserve Chairman Ben Bernanke's "Quantitative Easing" program deserves credit for healing the wounds inflicted on our nation from the 2008 housing collapse he omits two possibilities: that we haven't actually recovered, and his policies actually paved the way for an even bigger collapse. The president's behavior is unprecedented, he himself admitted that he was flying blind. The bond and mortgage-backed securities buying program (known as Quantitative Easing or simply “QE”) that created an artificial high by re-inflating asset bubbles was the easy part. To truly complete the process, an exit strategy must be developed to liquidate the nearly “$4 trillion” of toxic assets the Fed currently holds, without bursting the bubbles created by the buying frenzy. The Federal Reserve's quantitative easing must be scaled back as it is re-inflating the housing bubble and recklessly propping up financial markets. The longer we wait, the bigger the eventual explosion. Quantitative easing (or simply "QE") is a program carried out by the US central bank, otherwise known as the Federal Reserve. This is an unconventional program designed to artificially stimulate markets during recessions by printing new money to purchase particular monetary instruments. The purchase of these instruments serves to push the interest rates that the big banks pay to the Fed down to almost zero in order to ease credit (currently at 0.25%), as well as pushing down the rates of return on the US Treasury securities in order to maintain interest in the United States. Feasible national debt. Since the housing crash of 2008 (otherwise known as the “Great Recession”), the Fed has been buying up these toxic mortgage-backed securities and…half of paper…force of imaginary wealth, the government The speculative bubble (mortgages and bonds) supports us now. The pressure inside the bubble will become so great that the Fed will soon have only two options – 1. Finally contract the money supply and let interest rates rise – which will cause immensely more pain than if we let this happen in the 2002 or 2008, or 2. Continue to pump more dollars into the economy, causing hyperinflation and all the evils that come with it. The politically easier choice will be the latter, wiping out the dollar through hyperinflation. The adults' choice would be first, opting for a painful tightening, which would also involve the federal government admitting that it cannot keep all the promises it has made and that it cannot repay everything it owes. In any case, we will have the big accident. The longer we wait, the bigger the explosion will be.