Quote
"The sheer amount of new money that the Fed created was unprecedented. From the time we went off the gold standard in 1933 until 2008 the Fed had created a net total of 800 billion dollars. In the months following the financial crisis, that number nearly tripled to almost 2.4 million. Julie and her colleagues were spending more newly created money in just 15 months than the fed had created in its entire history."
The Invention of Money [This American Life #423]