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Scott Sumner

Scott Sumner

Scott B. Sumner is Research Fellow at the Independent Institute, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University and an economist who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment".

Videos by Scott Sumner

X-Men cyclops scott Sumner cosplay tribute Marvel

The X-Men movies are really good Hugh Jackman James Marsden Christopher Daniel barns Justin shelanu please Goku in the Dragonball evolution rest in peace to Michael Jackson rest in peace Godfather of Marvel Stan Lee I’m very sorry for I made a video in a while I was so busy with family stuff hang out and doing chores a drawing and cleaning feelings are important okay make sure keep your family safe at your home make sure stay with a buddy make sure check all your candy big shout out to Walt Disney Pictures Productions I want to see thank you to Stuart Little inspired me Michael j.fox he’s the best voice actor in world thank you you guys for supporting me means to you 2 Ramey thank you for supporting me take care of video entertainments bye-bye have a good a school year we’ll see you later

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The Better Half, Meteorology with Scott Sumner!

Join us for another episode of The Better Half and learn about climate vs. weather, how our weather plays an important role in every day life and even the impact of weather and sport!
Follow Scott Sumner on Facebook and catch his podcast, Weather or Not!

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Scott Sumner on Monetary Policy (And Cryptocurrency!)

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University and blogger at themoneyillusion.com and econlog and author of two books: The Midas Paradox and more recently, The Money Illusion.
Scott came to prominence because his work on the Great Depression (published in Midas Paradox) gave him analytical superpowers for understanding the Great Recession in real time in 2008 and 2009 and beyond and in retrospect. We’ve seen the monetary policy establishment move closer and closer to the views Scott has been trying to talk them into for over ten years.
Scott is one of those people who understands some very deep things about a very challenging subject. We can all learn from Scott!
In the conversation we cover:
– How might he design crypto

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A – B – C, Does A imply C? — Scott Sumner

A – B – C, Does A imply C? — Scott Sumner

The basic problem is that people like Sumner or Noah Smith actually believe that there is such a thing as mainstream macro, that is as intelligible, internally consistent, useful and true as say phlogiston or even caloric in physics, both of which led to solid physics, the first of which really does exist. Though I think the MMTers make pedagogical mistakes, don’t put and use some definitions prominently enough. And they know what they know so well that they don’t understand some of the real difficulties of tyros or absences from current literature – most were personally educated by institutional economists who were the very few people in the world who correctly understood and remembered the genuine advances of the Keynesian era. Though all this,

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MMT bleg, one more try — Scott Sumner

MMT bleg, one more try — Scott Sumner

 Scott Sumner is not satisfied with the answers he received. If I were to try to develop a radical new macro theory, I’d try to come up with a way of explaining my new model using the framework of existing models. Actually, I often do that here, translating market monetarism into New Keynesian language. I’m not seeing that with MMT. And it’s not just me. I see other bloggers like Noah Smith, Paul Krugman, Brad DeLong, Nick Rowe, etc., who seem to have an equally hard time trying to figure out what MMTers are claiming. MMTers should understand why we are confused, and have plausible answers. One sign that you are truly on top of an issue is if you can see why others hold a different view, and explain things in their language. Uh, maybe because they

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