Quote from piezoe:
I support this "insanity" because it is working and it is better than the alternative. I am very concerned about present inflation and future inflation. But inflation isn't the only thing the Fed has to be concerned about.
It was "working" in 2006-07 as well, as a response to the dot.com crash...until it wasn't working a few short months later.
The problem with this ideology is that every unconventional approach is "justified" by the imagined worse case scenario.