Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today

Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott joins David on Macro Musings to discuss Milton Friedman's views and what he might say about some of the recent developments in monetary policy. Specifically, Scott and David talk about nominal interest rates as indicators of the stance of monetary policy, fiscal austerity as means of reducing excessive aggregate demand, Friedman's critique of the Phillips curve and wage and price controls, what Friedman might have said about the recent inflation numbers, and much more.

Transcript for the episode can be found here.

Scott's automated Twitter: @MoneyIllusion

Scott's blog: https://www.themoneyillusion.com/

Scott's Mercatus profile: https://www.mercatus.org/scholars/scott-sumner

Related Links:

*Friedman's Smashing Success­­* by Scott Sumner

https://www.econlib.org/friedmans-smashing-success/

*Inflation is a Nominal Phenomenon* by Scott Sumner

https://www.econlib.org/inflation-is-a-nominal-phenomenon/

*The Role of Monetary Policy* (1968) by Milton Friedman

https://link.springer.com/chapter/10.1007/978-1-349-24002-9_11

*What Would Milton Friedman Have Thought of Market Monetarism?* by Scott Sumner

https://oxford.universitypressscholarship.com/view/10.1093/acprof:oso/9780198704324.001.0001/acprof-9780198704324-chapter-15

David's blog: macromarketmusings.blogspot.com
David's Twitter: @DavidBeckworth

Episoder(541)

Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy

Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy

Charles Evans was a 31-year veteran of the Federal Reserve System, serving as a researcher, vice president, and, ultimately, president and CEO of the Chicago Fed from 2007 to 2023. Charles joins Macro...

11 Des 20231h 3min

Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications

Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy Implications

Matteo Maggiori is a professor of finance at Stanford University and a returning guest to the podcast, and Jesse Schreger is an associate professor of economics at Columbia University. Matteo and Jess...

4 Des 20231h 2min

Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed's Balance Sheet

Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed's Balance Sheet

Matthew Raskin is the US head of rates research at Deutsche Bank and was formerly a senior staff member of the Federal Reserve System. Matthew joins David on Macro Musings to talk about interest rates...

27 Nov 202351min

David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules

David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules

David Papell is a professor of economics at the University of Houston and has published widely on monetary policy rules. David joins Macro Musings to talk about his recent paper, *Policy Rules and For...

20 Nov 202354min

Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election

Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election

Rachel Siegel is a reporter for the Washington Post, where she covers the Federal Reserve and also reports on the domestic economy more broadly. Rachel joins Macro Musings to talk about the current Fe...

13 Nov 202358min

Will Bateman on the History and Evolving Nature of the Fiscal Fed

Will Bateman on the History and Evolving Nature of the Fiscal Fed

Will Bateman is an associate professor and associate dean of research at the Australian National University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a c...

6 Nov 20231h

PJ Glandon on the State of Macroeconomics: Research and Pedagogy

PJ Glandon on the State of Macroeconomics: Research and Pedagogy

PJ Glandon is an associate professor of economics at Kenyon College, where he also serves as chair of the economics department. PJ joins David on Macro Musings to talk about his recent co-authored art...

30 Okt 202352min

Ed Nelson on the Life, Work, and Legacy of Bennett McCallum

Ed Nelson on the Life, Work, and Legacy of Bennett McCallum

Ed Nelson is a senior advisor in the Monetary Affairs Division of the Board of Governors of the Federal Reserve System. Ed has also previously been a professor of economics at the University of Sydney...

23 Okt 202341min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
livet-pa-veien-med-jan-erik-larssen
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
pengesnakk
utbytte
rss-sunn-okonomi
finansredaksjonen
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
lederskap-nhhs-podkast-om-ledelse
stormkast-med-valebrokk-stordalen
liberal-halvtime
arcticpodden