So, would what Romer, Beckworth, and Ponnuru (not to mention Scott Sumner) are advocating work?
FORBES: The Stunning Admission Of One Of Stimulus' Chief Architects
Matt Yglesias and Scott Sumner among many others have been arguing for expanded monetary policies.
The Nordics are also more economically free than the US in many ways, read Scott Sumner on that.
FORBES: Paul Krugman and the Socialist Hellhole That is Sweden
Scott Sumner has been writing all sorts of smart things about the need for expanded monetary policy.
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Via Scott Sumner, there is an interesting discussion from blogger Alex Jutca about having lunch with Greg Mankiw.
FORBES: Greg Mankiw Was Almost Federal Reserve Chairman Instead of Ben Bernanke
This is precisely why, I and other nominalists like Scott Sumner insist that the entire recessionary phenomenon can be cured by more money.
With apologies to Scott Sumner, I say Bitcoin is a bubble.
FORBES: Links 31 March: Is Bitcoin Doing Well Or Is It Just A Bubble?
And so when Scott Sumner told me that the Fed was to blame, I was happy to accept his argument rather than having to totally rethink my views on economic policy.
With the lonely exception of Scott Sumner, virtually every libertarian or conservative who has expressed a strong opinion about monetary policy has come down on the side of the inflation hawks.
Apparently prodded by the once-great Bruce Bartlett, little-known Bentley College economics professor Scott Sumner is the latest self-proclaimed intellectual in the world of tenure to take on the notion of a gold-defined dollar.
FORBES: Scott Sumner, Gold, the Dollar, and Anti-intellectualism
You might think the views of Greg Mankiw, Robert Barro, Scott Sumner, or George Selgin are wrong, but at least they understand standard macroeconomic concepts and have a coherent story about why they favor alternative models.
FORBES: Internet Austrianism and the Need for Conservative Expertise
Scott Sumner responds with three hypotheses: a higher minimum wage, the repeated extension of unemployment benefits, and the fact that not all employers are growing at exactly the same 4 percent rate as national incomes as a whole.
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