In my opinion, massive QE doesn't solve the problems of structural unemployment, bad banking collateral, small/mid sized business illiquidity, overconsumption, and an all around screwed up economy. It's that simple.
Easy money helped create or paper over massive economic imbalances. They will not solve them. We have Japan type conditions because of the financial bubbles we promoted for 15 years under Greenspan and Bernanke. The Fed has been "criminally inept" in the process. We always choose inflating our way out of economic difficulties because that seems less painful than clearing the imbalances the right way.
Here's what we need, a richer working/middle class, not a richer corporate/investor class. We need education, jobs, innovation, and reindustrialization. We need less regulation and consumption, and more export production and sustainable employment.I could not have said it better.