Do you know what is Quantitative Easing? Have you watched the the 'Quantitative Easing Explained' on YouTube?
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However, this policy is unpopular and receives a lot of criticism from Americans. Ben Bernanke, the chairman of Federal Reserve, is emerging as a high-profile scapegoat as critics ridicule his new quantitative easing policy.
Interestingly, six days ago, a YouTube user called 'malekanoms' posted a video titled 'Quantitative Easing Explained', which is an animation with two cartoon characters discussing quantitative easing. This video is viral and has been viewed 1,310,041 times on YouTube so far.
In this YouTube video, the cartoon characters think that Ben Bernanke's quantitative easing policy is nothing but just printing money -
According to Wikipedia,
Quantitative easing (QE) is a monetary policy used by some central banks to increase the supply of money by increasing the excess reserves of the banking system, generally through buying of the central government's own bonds to stabilize or raise their prices and thereby lower long-term interest rates. This policy is usually invoked when the normal methods to control the money supply have failed, i.e the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.