That's simply incorrect. According to Krugman (back in 4/2013, back when data was not yet released) 2013 will be a test of Market Monetarism (QE to target NGDP), since the QE3 will be offset by fiscal austerity:
...we are in effect getting a test of the market monetarist view right now, with the Fed having adopted more expansionary policies even as fiscal policy tightens.
...we are in effect getting a test of the market monetarist view right now, with the Fed having adopted more expansionary policies even as fiscal policy tightens.
http://krugman.blogs.nytimes.com/2013/04/28/monetarism-falls...
The results are in:
http://econlog.econlib.org/archives/2014/01/the_parrot_is_s....
By the criteria laid out by QE's detractors, it worked.