Trying to get out of every single recession in less than two months is something anti scientific if the economic cycle is science.
-- Capital is greedy
-- Unrestricted capital is more greedy
-- Abusing QE to avoid loss caused by long recessions reflects updated greediness of the unrestricted capital
Capital is surely greedy and a self-constraint happens in the modern social and economic system only when it faces a life threatening rival.
The restrained greediness is a favorite for the working class and it is why we saw “American Dream” happening around during the last cold war.
However, it is also why we have seen surging price inflation in everything but not in salaries in the past decades since the Berlin Wall collapsed.
As greediness was unleashed from the capital again, finding no life threatening rival after winning in the competition with an alternative social wealth distribution, it has been going increasingly unconstrained so that the capital does not want to undertake even a tiny loss any more but simply tries to install an eternal engine on economy machine - injecting unlimited liquidities into market. Ironically, it used to be more patient to wait for its conventional monetary policies to help go through a recession.
Obviously, the capital becomes a little naïve when it is too greedy to have a fear. What it is trying to do is against science. All the recessions that it skipped have just been delayed and accumulated for future bursts.
And, for the working class, capital needs a rival to give it a little more fear.