I've been repeating myself since 2009, although only recently on this forum, with my Mr. Natural criticism of the Fed, "you got to use the proper tool for the job," tempered by the realization that you have to resort to monetary stimulus if the dysfunctional Congress has shut off fiscal stimulus.
In the New York Times link below, you have a Republican saying the same thing. But it won't matter, because this is a pre-Tea Party Republican, of the stripe that wants to run the government rather than blow it up.
My last iteration of the criticism on Kos set off an argument with commenters whether the Fed should be blamed for the downsides. http://www.dailykos.com/... I said then and say now that monetary stimulus is better than no stimulus at all, and Main Street would be worse off without the policies on interest rates that, perforce, have to trickle down from Wall Street for what effect they have. It's simply not the case that there's no effect.
So why am I not breaking out the popcorn and the root beer?
Because this guy is a Republican, prominent enough to land an op-ed in the New York Times, but he has no more prospect of getting a stimulus bill to the floor of the Republican House than we do.
He's a "squish, a RINO." He's advocating old fashioned tools to make things work without regard to the dire danger that if things work, that Kenyan in the White House will get the credit.
Still, all of the Elizabeth Warren wing of the Democratic Party has understood this from the get-go---those who understand economics, which, let's face it, is not common knowledge even in Congress, let alone among the voters. Comes now some evidence that the ordinary conservatives in the Republican Party understand what the country needs to get some daylight under the wheels.
My happiness is tempered by understanding that this fellow will only get smacked down by the GOP suicide caucus, but it may be more evidence of the suicide caucus isolating itself in the Confederate States of America.