The New Republic's Mike Konczal says liberals should join in with Repubs in bashing Fed policy...

|By:, SA News Editor
The New Republic's Mike Konczal says liberals should join in with Repubs in bashing Fed policy instead of lamenting their fervor. His take: The Dems should address monetary policy "head-on," and push the Fed to let inflation float higher for a short period. "[The Fed] can commit to being responsibly irresponsible, showing that it will tolerate higher inflation as part of the path to full employment and catch-up growth."