http://mises.org/articles.aspx?AuthorId=793 In the above page I have provided you with plenty of good material regarding good monetary policy. -I disagree with the author about going back to gold. -Despite being libertarian extremists, the Mises guys have a lot to teach the FED about money.
Here's a link on that same website that addresses the economic stimulus proposals http://mises.org/story/3310
Unfortunately this guy's explanation breaks it down to such a basic level that it ignores the time lag between deficit spending and taxation to repay (or maybe doesn't even address it, now that I think about it). What he said would be very true if the govt couldn't run deficits (which most seem to be able too, last time I checked). I'm all about small government, but this guys argument doesn't do that mindset any benefit...