Introduction There are numerous strategies that the state authorities can implement to revive the country’s economy when it experiences a recession or is at risk of falling into depression. One of the most wide-spread solutions of today is a strategy called quantitative easing (QE) (Jarrow and Li 287). In most general terms, quantitative easing is a monetary policy that presupposes that central banks massively expand their open market operations or, in other words, start to flood the economy with the increased money supply. This is aimed to stimulate economic growth and prevent it from a possible collapse (Jarrow and Li 287). Consumers are provided with more money to increase their spending on goods and services – this buying power makes it possible for the government to sustain low-interest rates (which allow banks to give more loans), but at the same time puts the country under the risk of inflation. The process is performed in the following way: the central bank that has a unique power of creating credit out of thin air, purchases securities from other member banks, and issues credits in return. The impact produced is quite the same as printing banknotes for saving the economy (Le et al. 87). However, despite the temporary effectiveness of the strategy, the increase of the money supply can also diminish the value of the national currency and make the country’s exports much cheaper (Olson and Young 65). The paper at hand is going to investigate the reasons the US government decided to resort to QE and dwell upon these and other consequences this policy produces. Reasons to Implement Quantitative Easing There are numerous reasons the government can use Quantitative Easing (Karras 2-4):  1. QE can assist in reducing unemployment rates. It is often claimed that artificially increasing the amount of money through QE, the government creates new jobs and thereby reduces the number of the unemployed. The logic is linear: businesses that get more money on their hands start growing and face the necessity to expand their staff. Yet, these benefits are rather disputable as nothing guarantees that this temporary need for the workforce can have any visible impact on the unemployment rates in the long run.  2. QE encourages money lending at lower rates. Again, this argument logically follows from the fact that central banks reduce interest rates when they purchase treasuries – as a result, financial bodies receive more money, which is supposed to make them more eager to provide loans at lower rates. Such loans, in their turn, increase consumer spending since individuals and businesses are attracted to such a favorable offer.  3. QE encourages borrowing by evoking the customer’s interest. As it has already been mentioned, the customer cannot miss the opportunity to make use of an advantageous bargain – this tendency definitely increases borrowing, which helps revive the economy if it is on the verge of a crisis. Yet, the benefit is also dubious: on the one hand, a certain level of debt and leverage is indispensable of any economy, but on the other hand, individuals and businesses are forced to take a debt which they otherwise could have avoided.  4. QE increases consuming power. This argument derives from the idea that the more money enters the economy, the more money is available to the consumer for spe