Market Monetarism and The Future of Monetary Policy with Scott Sumner
Dec 28, 2021•59 min
Episode description
Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, joins Erik on this episode to discuss:
- Why Scott says that the fed should have been more expansionary during the Great Recession.
- The usefulness of level targeting.
- Why house prices are going to remain permanently high for the 21st century.
- An explanation of market monetarism and its implications for monetary policy.
- Why he is forecasting low inflation in contrast to many of his peers.
- How market monetarism differs from modern monetary theory and Austrian economics.
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- Why Scott says that the fed should have been more expansionary during the Great Recession.
- The usefulness of level targeting.
- Why house prices are going to remain permanently high for the 21st century.
- An explanation of market monetarism and its implications for monetary policy.
- Why he is forecasting low inflation in contrast to many of his peers.
- How market monetarism differs from modern monetary theory and Austrian economics.
Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.
Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.
Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup