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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Oct 11, 2021

Scott Sumner is David’s colleague and the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott is also a returning guest to the podcast and joins David on Macro Musings to discuss his new book, The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy. Specifically, David and Scott discuss common misconceptions about the 2008-09 Recession, why bubble narratives too often miss the mark when explaining rising asset prices, whether the Fed’s adoption of average inflation targeting signals that it is moving toward a level target, and much more.

 

Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

 

Scott’s Twitter: @ScottSumnerTMI

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

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

 

Related Links:

 

*The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy*

By Scott Sumner

https://www.mercatus.org/publications/monetary-policy/money-illusion-market-monetarism-great-recession-and-future-monetary

 

*Eight Centuries of Global Real Interest Rates, R-G, and the ‘Suprasecular’ Decline, 1311–2018* by Paul Schmelzing

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3485734

 

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