Shortly after 2008, there were prominent commentators such as Jim Rogers who called Ben Bernanke an idiot and condemn him for printing money. However, there were also articles that suggest quantitative easing is really an asset-swap and not money-printing. On the other hand, there are articles that say the opposite.
What exactly is quantitative easing? Asset-swapping or money-printing? Does it raise the money supply? Inflationary or not?