I can't find anything more recent than what you've posted that uses nominal GDP (presumably because correcting GDP to "nominal" status takes time), but the fed kept injecting more money after 2011 (I know you know). By my rough estimate, it should make today's fed balance sheet percentage of nominal GDP around 27 or 28%. That's insane! We have eclipsed the Great Depression, from some reference frames, in terms of propping up the "free market", but consumer confidence is near record highs. And it is a "Republican" president, traditionally the party famous for its laissez-faire ideology, arguing for negative interest rates and tariffs? If Trump intends to make up deficits by dropping Medicare, that's at least about $500 billion recouped every year, over the next 75 years. Indeed, he'll casually tell you himself that he plans to cut entitlements during an interview laced with other breathtaking moments. If you start the video in the Daily Beast link below @03:25 and stitch together his broken phrases, Trump sure seems to reveal that he's already planning to ditch entitlements "later this year", presumably just after his re-election, but you gotta listen closely: Can you imagine a scenario that would cause the amount of QE to approach the total national debt? Genuinely curious if that's possible, what it would look like, and the repercussions, like if it could potentially undermine the entire philosophy of credit.