The issue with acting this irresponsibly is that you give yourself very few options. We obviously do not want to continue QEing or keeping rates artificially low. If there is any doubt that our economic situation is not comfortable but in fact a runaway train just ask yourself why we can't raise rates, and why we've had to QE. In fact the fed just announced (to my absolute horror) that instead of raising rates in early 2016, they plan on QE4 and QE5. Unemployment is no longer a legitimate metric as I have said previously. We just learned today that a record 95 million people are no longer in the labor force. Keeping in mind we are a country of 300 million, that means roughly 33% of our country is not looking for work. 50% of Americans are working paycheck to paycheck. At some point you need to stop looking at the cooked numbers and just take im reality as a whole. Things are not good. People are struggling. Lots of people have given up.

The fed is now in a crisis situation.

They must start raising rates soon. But such an increase will have tightening effects on our artificial and decadent economy. The markets have erased a good amount of the high hopes everyone had had. The unemployment figures continue to go down while labor force participation skyrockets. The situation is grim:

I honestly do not think our economy is strong enough to let rates equilibrate (whether short or long term). If the plan then is to artificially strengthen the economy with more QE, I think you'll understand whats going on. The Obama Faux-covery Dream will be kept alive and the entire crisis dumped on his predecessor. We can either kick the can until we crumble or we can eat crumbs until we are strong again. Obviously in this decadent time and age no one wants adversity or hard times even if they may save their descendents from financial ruin.

My gut feeling is that if rates dont reach equilibrium by 2020, Americans, or rather, their Fed chairs will have sealed their fate.