Why isn't the QE and inflation considered illegal, and why is it banned? Why is it necessary? Why do people add risks and volatility to lives, and why can't they just preserve the work done, in financial terms, life-long? Why is the economy forcing them to put money back into the system, making the rich even richer, many times?

There are reasons why QE could be considered illegal:

1. First of all is whether the Federal Reserve itself would be legal. This is based on the view that the central bank is not legal because it is not an enumerated power of the Federal government in the Constitution.

2. Second, how one considers the creation of money under the Constitution could also be considered unconstitutional. The argument goes that money is created with an accounting entry, so that those who hold money as a store of value would be losing the purchasing power of their money. Thus, they would be deprived of their property without due process, contravening the 4th Amendment.

The view that QE is necessary stems from both Keynesian and monetarist thought. Both subscribe to the notion of stimulus was necessary to counteract the Recession of 2008 as well as the most recent COVID-19 related economic woes. The monetarist viewpoint holds that increasing money supply will result in economic growth. While the Keynesians focus on fiscal policy, QE has not occurred in a vacuum, but did accommodate fiscal policy. Whether it was actually necessary is another question. The Forgotten Depression of 1921 is evidence of a severe economic downturn that was resolved fully and quickly without any government intervention.