[WanderPanda]

I think the plan has worked out so far: Prevent asset price deflation (to not trigger too many margin calls) by creating artificial asset price inflation. For now CPI seems to be more or less unaffected which can be seen as a success from the "kicking the can down the road" point of view. I think this comment by Christine Lagarde: "We Should Be Happier to Have a Job Than to Have Our Savings Protected" nails it. Its choosing stability over efficiency to prevent the unrest of the masses.