[cthrow]

I think we mostly agree, and I am pretty fed up with the situation too. It is painful to be raised in a system that seems to pride itself on freedom, social mobility, hard work, and meritocracy, and then to get into the labor force in the middle of a great stagnation and discover that reality is much different than the ideals you were raised to believe in.

I just don't have enough economic knowledge to say with confidence that unemployment would have bottomed out without QE2 and QE3, and that monetary policy post QE1 has been bad/unnecessary. I have to defer to CBs judgement on this matter.

If you have studies/data to the contrary I would definitely want to read them.