BBC News – Has quantitative easing worked in the US?

The value of a nation's currency reflects its assets and prospects divided by the volume of currency in circulation.

Counterfeit currency erodes the value of 'real currency' because it comes into existence without generating corresponding value - an inflationary event diminishing the value of money already in circulation.

Quantitative easing is 'legitimate counterfeiting' because it is done by governments.

Quantitative easing is legitimate for another reason.  It transfers the costs of dysfunctional economies and governments to beneficiaries.

BBC News - Has quantitative easing worked in the US?.