Published Jan 2, 2012

Scott Sumner on Money and the Fed

Scott Sumner critiques the Federal Reserve's monetary policy, advocating for more aggressive measures to combat financial crises and proposing nominal GDP targeting as a reform tool to address economic downturns and deflation.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

Scott Sumner on Money and the Fed

Topics covered

Popular Clips

Fed Policy Strategy

Regulation and Incentives

Monetary Policy Missteps

The Fed's Role

Monetary Policy and Low Interest Rates

Understanding Economic Crises

Fed's Mistakes

The Danger of Deflation

Unreliable CPI

Understanding Monetary Policy

Unconventional Monetary Policy

The Fed's Balancing Act

Monetary Policy Insights

The Fed's Ammunition

Episode Highlights

Role of Central Banks

Proposed Monetary Solutions

Monetary Policy Failures

Related Episodes

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Scott Sumner on Money, Business Cycles, and Monetary Policy

Scott Sumner on Growth and Economic Policy

Scott Sumner on Interest Rates

John Taylor on Monetary Policy

John Taylor on Fiscal and Monetary Policy

Tyler Cowen on Monetary Policy

George Selgin on Monetary Policy and the Great Recession

Allan Meltzer on the Fed, Money, and Gold

David Laidler on Money

Milton Friedman on Money

John Taylor on Inflation, the Fed, and the Taylor Rule

Allan Meltzer on Inflation

David Beckworth on Money, Monetary Policy, and the Great Recession

Steve Hanke on Hyperinflation, Monetary Policy, and Debt

Scott Sumner on Money and the Fed

Topics covered

Popular Clips

Episode Highlights

Role of Central BanksScott Sumner critiques the Federal Reserve's monetary policy, arguing that it has been too passive during economic crises. He suggests that a more aggressive approach could have mitigated the impacts of financial downturns.

Role of Central Banks

Proposed Monetary SolutionsScott Sumner discusses the potential of nominal GDP targeting as a strategic monetary policy tool. He critiques current monetary policies, emphasizing the need for reforms to address deflation and improve economic outcomes.

Proposed Monetary Solutions

Monetary Policy FailuresScott Sumner critiques the Federal Reserve's monetary policy, highlighting its role in exacerbating economic crises. He argues for more aggressive and unconventional approaches to stimulate growth and prevent future downturns.

Monetary Policy Failures

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