Doesn’t he know when to quit?

Re “An occasion for redo economics,” Opinion, March 26

It’s been said that the Federal Reserve’s job is to remove the punchbowl just as the party’s getting started, thereby limiting the inevitable hangover that follows rapid economic expansion. But the Alan Greenspan and Ben S. Bernanke regimes not only refilled the punchbowl, they cranked up the music while investors of all stripes danced and asset prices zoomed. Amazingly, Lawrence H. Summers now asks the Fed to go easy, in effect offering a Bloody Mary as dawn approaches. Easy money has fueled many an asset bubble over time, and it appears that if Summers gets his way, there are more ahead. Just how much monetary stimulus can our economy stand before we reach the overdose stage?

ALAN M. SCOLAMIERI

Long Beach