Description: In response to falling asset prices, governments around the globe created trillions of dollars in stimulus spending and rescue funding. In the U.S. alone, the monetary base grew by a trillion dollars in a matter of months.
At the time, it was believed that the crisis had to be stemmed at all costs. Politicians recognized that massive money creation could lead to inflationary problems down the road. But they took a "deal with that bridge when we come to it" approach.
Full article at: How do you undo a trillion dollars