When the Federal Reserve began printing trillions of dollars in 2008 through to 2014, it was an extraordinary measure taken to prevent global economic collapse as there was a credit liquidity issue - which means there wasn't enough money inside the system to service debt, which had a snowball effect across financial institutions
Bank A, owed Bank B, who owed Bank C, who owed, Bank A - and somewhere in this long chain of debt to debt to debt, someone couldn't pay. This is how the solvency issue started and ultimately led to the collapse of several major financial institutions in the United States. It exposed a network of unserviceable debt, questionable practices and downright abuse of the worlds most renowned capitalist economy.
It was most certainly due to a lack of oversight and regulation. It was the result of greed, shills, and plain stupidity. One could argue the Federal Reserve abused the fractional reserve system, our current monetary system during the 2008 crisis (which actually began in 2007). However, had these extraordinary measures not been taken, a depression the likes of the 1920s through the 30's would have taken hold of the global economy. That means wheelbarrows of cash to buy bread, wealth disparity would have hit a new extreme.
If we break it down further, total annual GDP in the United States is approximately $18 trillion dollars. In 2014, when asset purchases had stopped, the federal reserve had accumulated a mere $4.5 trillion over 6 years. Small potatoes if we view things in percentage terms. The monetary cycle continues and the federal reserve has begun unwinding these assets as they increase interest rates to match inflation. They are doing so in a slow and controlled manner so as not to shock the financial system. It should be recognized that the Fed could even turn a profit as they liquidate the original $4.5 trillion in asset purchases. This money could be used for several things, including kept in reserve, servicing the national debt or economically stimulative initiatives.
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Blockchain and Satoshi's Bitcoin were actually conceptualized in the 80s and 90s, however, the technology simply didn't exist to host a distributed ledger - and perhaps society hadn't reached the point of total disenfranchisement with the current monetary system. Around the same time as the 08 financial crisis, the world had gotten over the dot-com boom and bust, suddenly the technology existed to make blockchain and bitcoin work.https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTRICTB2AxUBcvgYNEM7PcER5DOu_1nxOL7HI2y8tJS_sSr1tx7j5sJNDpPPA
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