Quantitative easing is to an extent, uncharted waters, in some case it has worked, in others not.
but there are facts which have affected the result say Germany in 1923, having to pay France and Britian. and Romania in the early '90s, where money was stolen by government officials. Though in these to areas it has failed, but Turkey did do it in the early 90s as well, without any qualms and the US both now, in the 70s and in the 30s.
so there are many factors which affect it, but it would be unwise just to rule it out because it has backfired in some cases.
there's something about the mantra of trying anything and everything to prevent a depression which seems to have been lost on you - damn generation x and y - not living through recessions to know why we would manifest the case. Moreover, having bee nunder a liberal governemnt for 12 years of your short lives we have had their media-cycle manipulation speechs imbedded in our ethos. You care certainly seeing - and arguing - that things are black and white, this is good this is evil. This isn't hte best positio nto have in my opinion, it is the bindery fallacy.
Well I think I can presume this much... quote taken from Prof. Tony Judt, NYU, December 2005:
the bindery fallacy; the notion that everything is either itself, or its opposite, not only in terms of moral, but also in terms of political types. This is a very provincial propensity, to flatten the world out into two dimensions. All foreign knowledge becomes the kind of knowledge the kind of knowledge that we can understand it you don’t, thus adopt it. Thus democracies, all democracies are one in the same, and they’re all like us. So, that means that any threat to a democracy, is like any other threat to a democracy, and they are all interchangeable. So Wa-ha-bi Islam becomes Islamic Fascism, which becomes Fascism; the ‘War Against Terror’ becomes the new Cold War, because fundamentally they are the same kind of conflict and you cannot imagine anything more complex. Everything is either us, or it were against us.