I think the argument goes like this: 1. There's a crash (cause unspecified) 2. The Fed creates money to smooth things out 3. This new money eventually get

I think the argument goes like this: 1. There's a crash (cause unspecified) 2. The Fed creates money to smooth things out 3. This new money eventually gets things going, but it comes at a price: the way it gets things going isn't sustainable 4. Once people (traders/investors/general public) realize it is/was unsustainable, they begin to unwind everything 5. This unwinding is a new crash (cause specified) 6. The Fed creates money to smooth things out 7. Rinse and repeat