Quantitative Easing

quantitative easing to the extent that we saw it, we see it now and in the doubling sense of financial crisis was a post financial crisis phenomenon. We had a situation where the entire banking system was so over leveraged and all of the customers of all the over leveraged mortgage product were facing potential margin calls. So from that point on when the Fed decided, okay, Ben Bernanke just want to know the prize for not noticing this happened in 1927 into 1929 because we had a home bubble then to. But the point being that this created this this momentum in the fabrication of money that had not existed ever before.