Can Central Banks Print Prosperity? (Intelligence Squared U.S.)

Central banks all around the world have been printing money. This policy, known as quantitative easing in banker jargon, has driven up the price of stocks and bonds. But will it lead to real and sustainable increases in global growth, or is it sowing the seeds of future inflation?
Interview:
http://intelligencesquaredus.org/debates/upcoming-debates/item/1405-central-banks-can-print-prosperity