There's at least one other historical precedent for insane levels of quantitative easing, Japan: https://fred.stlouisfed.org/series/JPNASSETS https://fred.stlou

There's at least one other historical precedent for insane levels of quantitative easing, Japan: https://fred.stlouisfed.org/series/JPNASSETS https://fred.stlouisfed.org/series/JPNASSETS Japan has been at it for a long time: https://research.stlouisfed.org/publications/economic-synopses/2014/01/10/quantitative-easing-in-japan-past-and-present/ https://research.stlouisfed.org/publications/economic-synops... But AFAIK there's no historical precedent for persistently going in the other direction at such an insane scale.