Quantitative Easing

Well, last December I did not know what this strange phrase meant but it was all explained in far too graphic detail by Cynicus Economics. The phrase is now beginning to enter common parlance and becoming a phrase to use when describing topics other than banking, see the fifteenth paragraph in this comment piece. My problem is that I didn't like the prospect of quantitative easing last December and I m no more enamoured with it today. Daniel Hannan agrees with me and I am worried.