Here's the Wall Street Journal this morning. Bernanke was a scholar of the Great Depression. His impression of the market meltdown of 2007 was that we were entering a liquidity trap and that it was failure to recognize that liquidity trap that caused the Great Depression. Therefore, he pumped money into the economy so that the banks had money. I calculated once that if we'd divided up the $431b we paid under TARP to the ten million people who lost their homes in the great recession we'd have $43k in the pocket of everyone who needed help with their mortgage; If you did the same trick with QE you're at $450k. Kinda wonder what the Sanders/Warren camp are gonna do when they realize they can turn the ignition key on Occupy Wall Street as if it were double-parked with its hazards on.