Start with the TIPS, no QE on the TIPS so that the market can give an accurate inflation prediction signal. Then using that signal (I think yields on TIPS would rise dramatically but then level off) I would taper back and then stop QE on the 10 years. I would really like to stop it cold, but that would crash the 10 years (speculators are betting that the Fed will buy theirs). But as TIPS yields peak and then start back down, that would allow the Fed leeway to let the longer rates (i.e. 10 years) float up to a market level.
What would you have done differently than Bernanke? Be specific.
At each point since Bernanke became chairman, what would you do instead of what he did? You know, to fix things, instead of make them worse.