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Loose Money Will Keep Economy From Sliding Away: Ramesh Ponnuru

Aug. 16 (Bloomberg) -- The Federal Reserve is now the subject of more political controversy than at any point since the beginning of the 1980s.

The debate centers on what the Washington Post calls its “ultra-easy” monetary policy: Is it hurting or helping the economy? Has the Fed already loosened so much that it has used up its ability to stimulate the economy?