How to Create a Real Economic Stimulus. Martin Feldstein, September 16, 2013, Opinion. "Earlier this year, former U.S. Treasury Secretary Larry Summers expressed doubts about the Federal Reserve's quantitative easing policy of buying $85 billion a month of government bonds and other long-term assets. His skepticism antagonized some Fed insiders and liberal Democrats, who recently opposed his consideration by President Obama as the next Fed chairman. When Mr. Summers on Sunday withdrew his candidacy for the chairman's job, there was one immediate benefit..." Link