LA Times: The Pros and Cons of printing money to help the economy?

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The Pros and Cons of printing money to help the economy?

Today's question: Critics say that the Federal Reserve -- which will buy up to $800-billion worth of troubled mortgage and consumer-credit assets -- is effectively printing money to fix the economy. What's the wisdom behind the Fed's actions? Doug Henwood and Brian Doherty debate the consequences of federal monetary policy.

Note EU-Digest: This question should also be asked for the European economies,which are also doing the same.