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This would cause inflation, increasing interest rates, exacerbating the problem and spiraling out of control.

QE is not "printing money".

QE is money printing to buy financial securities. It is money printing.

>This would cause inflation, increasing interest rates, exacerbating the problem and spiraling out of control.

So you would think from Econ 101, but that empirically has not been the case. We're in uncharted waters at this point.

Owe the bank $100,000?

The bank owns you.

Owe the bank $1,000,000,000,000?

You own the bank.

Not uncharted, just takes some persistence to find a precedent. See John Law.