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And lastly, the easy money policies could not help but create massive spiraling inflation.
FORBES: Gloom-And-Doomers Have A Lousy Track Record
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Thanks to spiraling inflation in higher education, our college completion rate is now 15 percentage points below that of Canada.
FORBES: Would You Rather Have Indoor Plumbing Or An iPhone?
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During the last decade Brazil has gone from experiencing a debt crisis with spiraling inflation and unemployment to becoming an economic powerhouse.
NPR: What The U.S. Can Learn From Upbeat Brazil
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Admitting the possibility of spiraling inflation and of destabilizing the financial system, Bernanke said the risk of doing nothing is even worse.
FORBES: Bernanke Admits QE Distorts Markets, Brags Of 'Best' Inflation Record As Fed Chairman
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The iReporters describe a life in which many people in the North African nation are facing a daily battle against poverty, spiraling inflation and high unemployment.
CNN: iReporter: 'Oceans of garbage' in Egypt's streets
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But what can be done to counter spiraling inflation?
CNN: Middle East inflation soars
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The possibility is real with President Cristina Fernandez, in the throes of domestic discontent, spiraling inflation and loss of key constituencies deprived of face-saving latitude to comply with the controversial ruling of New York Judge Thomas Griesa.
FORBES: D.C. Chess Playing In 2001 Gave Us The Argentine Crisis In 2012
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The modern Philips Curve model shows that pushing down unemployment results not merely in a corresponding one-time jump in inflation, but in spiraling, ever-increasing inflation, as consumers factor in the expectations of higher future prices.
FORBES: Milton Friedman Dies
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Nothing they did addressed the spiraling tuition rates, or the systemically predatory underpinnings of the system that enabled this inflation.
FORBES: Note for "Super Wednesday" - Either Party Can Occupy the Student Loan Issue