The Fed says it's scaling back its Quantitative Easing programs, but it still maintains a huge balance sheet. Unfortunately, the Fed has no plan to really unwind its massive QE programs, and has backed itself into a corner.
Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.
Bribes can work both ways. Sometimes it pays to bribe politicians for what you want. But voters will often happily exchange votes for free stuff. In fact, the latter strategy has been proven to work wonders if one wants a bigger government.